Zakat Documents

Contents

1. Introduction

1. 1.2. Zakat Collection

2. 1.3. Zakat Collection in the Kingdom of Saudi Arabia

3. 1.4. The Zakat, Tax and Customs Authority (ZATCA)

4. 1.5. ZATCA’s Responsibilities

2. Zakat Documents

1. 2.1. Introduction

2. 2.2. Relative Definitions and Terms

3. 2.3. Zakat Declaration

4. 2.4. Activity Result for the Zakat Year

1. 2.4.1. Revenues

2. 2.4.2. Expenses

5. 2.5. Additions to the Zakat Base

1. 2.5.1. Equity and Equivalents

1. 2.5.1.1. Capital and Amendments During the Zakat Year

2. 2.5.1.2. Retained Earnings

3. 2.5.1.3. Dividends

4. 2.5.1.4. Reserves

2. 2.5.2. Provisions

3. 2.5.3. Liabilities

1. 2.5.3.1. Loans and Equivalents - Current Installment of the Loan

2. 2.5.3.2. Creditors

3. 2.5.3.3. Notes Payable

4. 2.5.3.4. Partners’ Loans

5. 2.5.3.5. Amount Due to Related Parties

6. 2.5.3.6. Profits Under Distribution

6. 2.6. Deductions from the Zakat Base

1. 2.6.1. Non-current Assets

1. 2.6.1.1. Fixed Assets and Equivalents

2. 2.6.1.2. Intangible Assets

3. 2.6.1.3. Capital Construction Under Implementation

4. 2.6.1.4. Investments in Entities

2. 2.6.2. Adjusted Deferred Losses

3. 2.6.3. Statutory Deposit of Insurance and Reinsurance Companies

7. 2.7. Acceptable and Unacceptable Documents

8. 2.8. Transfer Pricing

9. 2.9. Zakat Dispute Documents

1. 2.9.1. Appeal to ZATCA

2. 2.9.2. Request for Settlement with ZATCA

3. 2.9.3. Appeal to the Tax Violation and Dispute Resolution Committee of the General

10. 2.10. Other Considerations

1. 2.10.1. General Conditions for Zakat Documents

2. 2.10.2. Retention of Documents and the Effect of Non-compliance

11. 2.11. Practical Examples