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Learn moreNew deadline is April 30, 2025
The Zakat, Tax, and Customs Authority (ZATCA) on February 15, 2025, issued Ministerial Resolution (MR) 947, extending the timeline for Zakat payers to apply the new Zakat regulations for fiscal periods beginning before January 1, 2024, to April 30, 2025.
Previously, under MR 1007, Zakat payers could apply the new regulations by submitting a request within 60 days from the publication of MR 1007, which was by May 19, 2024. Additionally, they had the right to apply the new regulations within 60 days from the notification of assessment procedures by ZATCA. The recent amendment provides an extended deadline, allowing more time for Zakat payers to opt for the new regulations.
Read a February 2025 report prepared by the KPMG member firm in Saudi Arabia
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