The Zakat, Tax, and Customs Authority in Saudi Arabia has issued a guideline clarifying the application of Zakat provisions, emphasizing that its content does not amend the applicable regulations. The guideline addresses the concepts of Zakat, methods of calculation, and the obligated parties, in addition to examples of sources of funds subject to and exempt from Zakat, as well as how to prepare the Zakat declaration and payment methods. The Authority is responsible for calculating Zakat and reg...