The Federal Tax Authority (FTA) has announced that businesses must complete Corporate Tax registration within 90 days from the Date of Incorporation / MOA.
Zakat is handled in the Kingdom of Saudi Arabia (KSA) based on Islamic principles. It is one of Islam's Five Pillars and is required of all Muslims who satisfy the conditions. The government of Saudi Arabia collects Zakat and distributes it to people in need through a variety of channels, including the Ministry of Islamic Affairs, Endowments, Dawah and Guidance, and charity organisations.
ZAKAT Deadline in KSA
The Corporate Zakat Filing Deadline: For Saudi and GCC companies, the statutory filing deadline for Zakat is 120 days after the end of the fiscal year, matching the deadline for submitting the company’s audited financial statements to ZATCA.
The Zakat deadline in Saudi Arabia is important. Zakat becomes due after a complete lunar year of owning money above the nisab threshold. Unlike traditional deadlines, there is no set date on the normal calendar for payment; instead, it follows the Islamic lunar calendar. This specific time makes sure that your Zakat is consistent with Islamic values, assisting people in need when it means the most.
ZAKAT Consultants in KSA
Reyson Badger stands out when it comes to helping you reach your Zakat deadline in Saudi Arabia. Our team has excellent knowledge of Islamic finance and local Zakat requirements, so you can rely on us to provide correct guidance. We simplify the process with a user-friendly platform and individual help. By partnering with recognized organizations, we make sure your Zakat benefits people in need and makes a meaningful impact. Reyson Badger provides expertise, convenience, and a dedication to substantial effect while being compatible with Islamic beliefs.
