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 “GAZT” organizes 3 Workshops to introduce the Procedures of the Amended Zakat Regulation for Commercial Enterprises

The General Authority of Zakat and Tax (GAZT) organized three workshops to introduce the amended Zakat Regulation for Commercial Enterprises and its procedures in the Kingdom; as the workshops will be held in Riyadh and Jeddah  on the “26th and 31st of December 2019", and in the Eastern Province on the 9th of January 2020.

This workshop will be organized in cooperation with the Chambers of Commerce and Industry in Riyadh, the Eastern Province, and Jeddah Governorate as part of the GAZT's efforts to hold a series of workshops in most provinces; and that is in order to educate and enlighten the commercial enterprises about the amended Zakat Collection Regulation; along with informing them on how to apply the tax calculation rules for the discretionary taxpayers, who constitute the largest percentage of the GAZT's taxpayers; so that the discretionary taxpayers are no longer required to submit the tax return, since the GAZT will do so automatically, along with issuing a zakat invoice to the taxpayer with the ability to view and amend the tax return.

It should be noted that the GAZT issued a special educational page regarding the amendments to the Zakat Collection Regulation for Commercial Enterprises through its website, via the link: https://bit.ly/2r4vTPs; which includes a number of guidelines and awareness materials explaining the GAZT's zakat calculation method for various taxable commercial activities, with the intention of informing the taxpayers and the specialized accountants about the amendments made to the zakat calculation method, under the amendments of the Implementing Regulation for Tax Collection in various activities; while ensuring at the same time that the enterprises that have questions regarding the Regulation should contact the GAZT through the Unified Call Center on the number (1993), or via the GAZT's Twitter account (@Gazt_ksa).

24 December 2019