Introduction to Zakat and Taxation

Currently, KSA executes one of the most ambitious and remarkable tax reforms in the world and has successfully implemented taxes on the Federal level in the form of Value Added Tax (‘VAT’), Excise Tax, and Zakat.

This program is designed to provide the participants with a strategic overview of the ZAKAT and VAT, including calculation, accounting, and other underlying principles. The course aims to equip participants with the practical aspects of tax laws in the Kingdom to fully understand Zakat and taxation mechanisms.

• Gain a comprehensive understanding of the basic concepts of Zakat and VAT.
• Demonstrate how to fill in the Zakat and Tax Declaration and timing.
• Be able to read the financial statements to determine the Zakat and Tax Base.
• Interpret how to calculate the Zakat, Tax-adjusted net profit/loss, and Tax Base
• Acquire analytical skills through the application of theoretical concepts acquired on a variety of practical situations.
• Enhance critical thinking through the development of abilities to choose the bases and appropriate for various zakat and VAT transactions, accounting rules skills.
• Demonstrate the practical approach to VAT treatment and reporting.
• Have an in-depth understanding of the tax legislation and applied tax practices in Saudi Arabia.