The new regulation applies to financial years starting on or after 1 January 2024.
The Zakat, Tax, and Customs Authority (ZATCA) on 22 March 2024 announced through Ministerial Resolution (MR) No.1007 (dated 29 February 2024) the issuance of a new Zakat implementing regulation, which replaces the current regulation issued through MR No. 2216 (dated 14 March 2019).
The new regulation applies to financial years starting on or after 1 January 2024 and introduces:
Philippe Stephanny | philippestephanny@kpmg.com