
Zakat is an obligatory annual payment made by businesses in Saudi Arabia, typically calculated as a percentage of net earnings or assets. It is an important aspect of Islamic finance and must be accurately calculated and paid according to the rules of the Saudi tax authority. Thiqah helps businesses calculate their Zakat obligations, file the required forms, and submit payments on time to avoid penalties. Our experts guide you through the process of determining the applicable percentage, ensuring your Zakat payments align with the latest regulations. We also assist in managing audits or inspections related to Zakat filings and ensure compliance with both the Saudi Tax Authority and religious obligations.
Our experts can guide you through the entire process.