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18 November 2016

Saudi Arabia issues new requirements for filing consolidated zakat returns

Saudi Arabia's Ministerial Resolution No. 1005 dated 28/08/1428H (May 16, 2007) permits the filing of a consolidated zakat return for a wholly owned Saudi Arabian entity and its subsidiaries; whether formed inside or outside the Kingdom of Saudi Arabia (KSA). However, in practice, zakat payers are required to obtain prior permission from the General Authority of Zakat and Tax (GAZT) to file a consolidated zakat return and pay the zakat due for the year on that basis.

A Tax Alert prepared by Ernst & Young Saudi Arabia, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1984

Document ID: 2016-1984

 

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