Saudi Arabia: Public consultation on draft amendments to Zakat implementing regulations
The deadline for submitting comments on the draft amendments is 14 March 2023.
The deadline for submitting comments on the draft amendments is 14 March 2023.
The Zakat, Tax and Customs Authority (ZATCA) on 27 February 2023 published draft amendments to the Zakat implementing regulations for public consultation.
The deadline for submitting comments on the draft amendments is 14 March 2023.
The proposed amendments concern:
- Article 5: Allowable deductions from Zakat base
- Article 6: Zakat base-other considerations
- Article 8: Allowable expenses
- Article 25: Appeal procedures
For more information, contact a KPMG tax professional:
Philippe Stephanny | philippestephanny@kpmg.com
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.