Webinar on New Zakat Regulation in Kingdom of Saudi Arabia скачать в хорошем качестве

Webinar on New Zakat Regulation in Kingdom of Saudi Arabia

The new Zakat regulations introduced in March 2024 represent a significant shift in the Zakat landscape in Saudi Arabia. These regulations feature several key changes that differ from earlier frameworks, marking a transformative approach to how businesses are taxed. They offer detailed guidance on the items to be considered for Zakat calculation, including the calculation of the Zakat base and the importance of adhering to the accounting standards endorsed by the Saudi Organization for Chartered Accountants. Notably, transfer pricing has now become applicable to Zakat payers under specific conditions, necessitating a thorough understanding of transaction pricing instructions. Furthermore, the regulations provide guidelines for the cessation of Zakat collection when a business permanently ceases its activities. Accordingly, it has become essential to examine and understand these critical aspects of the new regulations to fully absorb their impact. This tax webinar will offer you answers to your common questions about the new Zakat regulations and help you navigate smoothly through its complexities.