Introduction to Zakat and Merchandise

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Course Objectives:

  1. Providing comprehensive knowledge for trainees about Zakat, merchandise, and applications and implementation in Saudi Arabia.
  2. To be familiar with all the Zakat, Tax, Custom Authority’s rules and regulations related to Zakat declarations, settlements, and objections

Training Method:

  1. Face-to-face lectures
  2. Virtual/Online

Courses Joining Requirements:

Diploma or Bachelor’s Degree in Business Administration, Finance, Accounting, or Law.

PROGRAM DURATION

4 days

HOURS

8 HOURS

Targeted Group:

All relevant tax employees in the Zakat and business sector.

Course Benefits/Advantages:

  1. Providing inclusive knowledge about merchandise Zakat in Saudi Arabia.
  2. Learning how to prepare and evaluate Zakat declarations for Zakat, Tax, and Customs Authority.

Course Key Components:

  1. The main concept and objectives of Zakat
  2. Business activities subject to tax
  3. People subject to Zakat
  4. Zakat base
  5. What is deducted from the Zakat base?
  6. Endowments
  7. Investments Zakat in natural gas
  8. Financial activities
  9. Financial leasing transactions
  10. Fixed assets deductions/settlements
  11. Zakat and insurance companies
  12. Small taxpayers
  13. Zakat declarations
  14. Screening and linking procedures
  15. Amendments on Zakat declarations
  16. Objection’s procedures
  17. Appeals procedures
  18. Discontinuation of business activities.

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