Tax and Zakat Services

Income Tax and Zakat

Opening a new file with the Zakat and Tax Authority for clients who have not previously done so.

with Zakat and Tax Authority Requirements:
Testing the financial systems of companies to identify gaps and ensure compliance with Zakat and tax regulations.

Zakat Provisions Review and Calculation:

Reviewing and calculating Zakat and income tax provisions according to the regulations.
Preparing the annual declaration and submitting it to the authority, along with following up on procedures to obtain the Zakat certificate.

Ongoing Monitoring:

Updating the Zakat and tax status during the preparation of financial statements.

Representation During Tax Audit:

Representing clients before the authority during Zakat and tax audits and responding to inquiries.

Tax and Zakat Disputes

Discussing Assessments:

Dealing with tax and zakat assessments and submitting objections to them.

Representation Before Appeal Committees:

Representing clients before the primary and appellate committees of the Zakat and Tax Authority in the event of an assessment issued by the Zakat and Tax Authority that is not in line with the reports submitted by the client according to tax and zakat law.

Consulting Services:

Providing solutions and treatments that comply with the regulations and meet clients' income tax and zakat needs in Saudi Arabia.

Legislative Changes and Updates

Legislative Changes and Updates:
Informing clients about any changes related to Zakat and income legislation and developing strategies to adapt to these amendments.

Value-Added Tax (VAT) and Electronic Invoicing

Registration and Deregistration:

Registering or deregistering for VAT according to the General Authority for Zakat and Tax regulations.

Financial Systems Testing:

Identifying gaps to ensure VAT compliance.

Electronic Invoicing:

Verifying clients' readiness to deal with electronic invoicing according to authority requirements.
Preparing and reviewing VAT declarations to handle future audits.

Professional Consulting:

Providing solutions for full compliance and reducing tax liabilities.

Legislative Updates:

Following legislative amendments and guiding clients on their financial impact.

Diverse Tax Consulting Services

At Al-Hamly & Partners, we offer solutions to problems and disputes that may arise in the area of Zakat and Tax.