We understand how complex Zakat and Tax matters can be, therefore we help our clients in knowing the relevant applicable laws and their implications. Income Tax @ 20% is payable by foreign (Non GCC) companies.  Organizations understand how important it is to align Tax (VAT) and Zakat strategies with the business needs. We offer a range of Zakat and Tax (VAT) consultancy services, which are designed to assist clients in their Tax matters.

shutterstock_318321197Withholding Tax (5-15%) is also charged on payments made to companies outside KSA.

Our team of professionals understand the client’s needs and has extensive experience in the different economic sectors in the Kingdom of Saudi Arabia with a strong professional relationship with the Zakat & Income Tax Authorities.

If you would like to know more about our services and how we can help you, please contact our representative.

Contact

  • Mohammed Jawabrah
  • Manager Zakat and Tax
  • Tel:+ 966 11 4161008
  • Email: m.jawabrah@ihacpa.com

 

Value Added Tax (VAT)

Value Added Tax (VAT) will be introduced in the KSA from 1st Jan 2018. It would mean some of the services and products will be taxed at the point of sale. This initiative will benefit the coffers of the country in an indirect tax structure. The rate will start from 5 % and the VAT regime will develop in future overtime. There will be some zero-rated items like exports and exempt items where no VAT will be charged.

Zakat & Income Tax

Zakat is paid by individuals and companies within the provision of Islamic law at an annual flat rate of 2.5 % . Our professional experts will assist in Tax return documentation, calculating liabilities, and the preparation of zakat & tax declaration and filings. We also engage in negotiations and settlements with the tax authorities and resolve any outstanding tax bills