Taxation in Saudi Arabia: Taxation in Saudi Arabia is a multifaceted financial responsibility that encompasses various components. The Introduction of Value Added Tax (VAT) in 2018 marked a significant change in the country’s tax landscape. VAT, currently set at 15%, applies to a wide range of goods and services. Alongside VAT, Corporate Income Tax isContinue reading “Tax and Zakat: A Comparative Analysis for Businesses in KSA”
Tag Archives: Zakat Filing
5 Key Things to Consider When Choosing a Zakat Filing Service
Zakat, one of the Five Pillars of Islam, is a mandatory charitable obligation for Muslims who meet specific wealth criteria. Calculating and fulfilling Zakat obligations accurately and in compliance with Islamic principles is crucial for individuals and businesses. To assist with this, Zakat filing services have emerged to provide expertise and support. However, not allContinue reading “5 Key Things to Consider When Choosing a Zakat Filing Service”
Finance Advisory 