Thursday 23 November 2017
 
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zakat

Saudi businesses urged to register for VAT

Saudi Arabia’s General Authority of Zakat and Tax (GAZT) has urged businesses with annual revenues over SR1 million ($266,300) to expedite their VAT registration process and ensure their readiness for its implementation. The

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Saudi Arabia to impose 5pc VAT on fuel

Saudi Arabia will apply the standard value added tax (VAT) of five per cent on fuel, the kingdom's General Authority of Zakat and Tax (GAZT) has been quoted as saying.   The confirmation was stated in a reply

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Saudi Arabia to impose 5pc VAT on fuel

Saudi Arabia will apply the standard value added tax (VAT) of five per cent on fuel, the kingdom's General Authority of Zakat and Tax (GAZT) has been quoted as saying.   The confirmation was stated in a reply

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KPMG to host Zakat, VAT workshops in Saudi Arabia

KPMG in Saudi Arabia is organising a series of workshops presenting the latest updates on Zakat, Tax and Value-Added Tax (VAT) and their impact on the business sector amid changing financial landscape in Saudi Arabia.   

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GCC firms 'must weigh VAT impact now’

With the possible introduction of VAT by 2018 in GCC region, it is a critical time for organizations across the region to take into account the impacts and other changes that will accompany this introduction, an industry expert said.

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Zain Saudi to appeal $165m zakat, tax order

Zain Saudi will appeal an order from Saudi Arabia's Department of Zakat and Income Tax for extra payments worth SR619 million ($165.1 million) for the years 2009-2011, the kingdom's number three telecommunications operator said.

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E&Y seminar probes Saudi Zakat regulations

New Zakat regulations currently being implemented by Saudi Shura Council's new committee were the subject of Ernst & Young (EY) annual tax seminars in Jeddah, Riyadh, Al Khobar and Bahrain. "EY remains committed to co

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Deloitte hosts zakat, double tax seminars

Deloitte, a leading firm providing audit, tax and financial advisory services in the region, hosted its annual seminars in key cities across Saudi Arabia focusing on the recent developments in the kingdom's tax and zakat laws and practices.

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Al Salam on massive expansion drive

Al Salam Bank - Bahrain is adopting a fast track approach to develop its performance regionally and internationally, its chairman said. At an annual general assembly at the Diplomat Radisson SAS Hotel, Residence and Spa, which attracted m

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Call to back $10b Islamic solidarity fund

A high-level advisory panel for the Islamic Solidarity Fund for Development (ISFD), has called for enhanced efforts to ensure participation by the private sector in the Islamic fund. The ISFD, a window for the Islamic Development Bank (Is

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