Edit

Zakat reporting

Note

Community interest groups have now moved from Yammer to Microsoft Viva Engage. To join a Viva Engage community and take part in the latest discussions, fill out the Request access to Finance and Operations Viva Engage Community form and choose the community you want to join.

People of the Islamic faith whose annual earnings exceed a level called Nisab are legally obligated to pay 2.5 percent of their earnings to the government as Zakat.

Saudi companies of all types and companies owned by nationals of the Gulf Cooperation Council (GCC) that conduct business in Saudi Arabia must pay Zakat to the Department of Zakat and Income Tax (DZIT) at the end of the fiscal year. Companies must also generate and submit a set of 14 Zakat reports along with their balance sheet and profit-and-loss statement to DZIT within a month of year-end. You can generate these required Zakat reports:

  • Zakat main report
  • Revenue for main activity report
  • Revenue from other activity report
  • Direct expenses report
  • Subcontractor report
  • Depreciations report
  • Consultation fees report
  • Provisions and reservations report
  • Investments report
  • Pre-setting up expenses balance report
  • Other expenses report
  • Other adjustments report
  • Other additions report
  • Other deductions report

Generate Zakat reports for a fiscal year

  1. Go to Tax > Inquiries and reports > Zakat reports.
  2. On the Action Pane, select New fiscal year.
  3. In the dialog box, select the fiscal year for which you want to generate Zakat reports.
  4. Select OK.

The system automatically creates the Zakat reports for the selected fiscal year.

  1. Go to Tax > Inquiries and reports > Zakat reports.
  2. Select the reports you want to print. Mark the checkbox for each Zakat report that you want to include.
  3. On the Action Pane, select Print.
  • Last updated on