Zakat is imposed in the Kingdom of Saudi Arabia on all Saudi and Gulf establishments that meet the residency conditions, including the shares of Saudi partners in mixed enterprises. Zakat declarations must be submitted within 120 days from the end of the financial year, and payment must be made within 30 days from the date of assessment. Zakat is calculated at a rate of 2.5% of the zakat base, which consists of the adjusted net profit and total sources of financing minus fixed assets. A unified ...