TAX ALERT FEBRUARY 2025 | E-INVOICING (FATOORA) E-Invoicing (Fatoora) We would like to inform you that the Zakat, Tax, and Customs Authority has set October 31, 2025, as the final deadline for implementing the second phase of electronic invoicing for the group of twenty enterprises subject to the electronic invoicing regulations. For more details, please refer to the link below … Read More

TAX ALERT JANUARY 2025 | PROPOSED AMENDMENT TO THE IMPLEMENTING REGULATION FOR ZAKAT COLLECTION (1445H) Proposed Amendment to the Implementing Regulation for Zakat Collection (1445H) We would like to inform you that the Zakat, Tax and Custom Authority has proposed an addition to article 73 of the Zakat Bylaws concerning real estate under construction. The added paragraph:    3 – … Read More

TAX ALERT JANUARY 2025 | EXTENSION OF CANCELATION FINES FOR ANOTHER SIX MONTHS Extension of Cancelation Fines for another Six Months We would like to inform you ZATCA has extended the cancellation of fines and exemptions of financial penalties for another six months starting from January 1st, 2025, up to June 30th, 2025. Exemption of unpaid financial fines includes: Exemption … Read More

ZAKAT ALERT DECEMBER 2024 | NEW EXECUTIVE REGULATION FOR ZAKAT COLLECTION (BYLAWS) New Executive Regulation for Zakat Collection (bylaws) Saudi Arabia has issued a New Executive Regulations (bylaws): The bylaws applicable to fiscal years starting on or after January 1, 2024. The bylaws replace all Zakat bylaws issued previously and rules applicable to various sectors. Zakat computation depends on the … Read More

TAX ALERT DECEMBER 2024 | APPLICATION OF TRANSFER PRICING REGULATION TO ZAKAT COMPANIES Application of Transfer Pricing Regulation to Zakat Companies We would like inform you that based on the decision of the Board of Directors of the Zakat, Tax and Customs Authority (ZATCA) No. 8-2-23 dated 8/28/1444 AH corresponding to 3/20/2023, amendments have been made to the transfer Pricing … Read More