Our article: Zakat declaration in Saudi Arabia, in which we will learn about the method of submitting zakat declarations, filling out and amending the zakat declaration form,
as it was prepared with great professionalism and accuracy by our team of financial specialists at CFOONLINE.
What is zakat declaration in Saudi Arabia?
Zakat declaration is a procedure that Muslims living in the Kingdom of Saudi Arabia must pay for the zakat tax.
Saudi Zakat declaration form
The Zakat declaration form in the Kingdom of Saudi Arabia can be found and downloaded from the Saudi Zakat and Tax Authority (GAZT) website.
The form and content can vary depending on:
- Tax year.
- and legal changes.
Therefore, individuals and institutions should always check the Authority’s official website to obtain the latest form and tax and zakat information.
You can find current tax and zakat forms and information on the Saudi Zakat and Tax Authority website via the following link:
Once you enter the site, you can search for the zakat form, updated tax information, and the tax procedures necessary to submit the zakat return correctly and on the specified dates.
Zakat declaration form pdf
To download the Zakat declaration form in PDF format, you can do so from the following link: Press here
Submitting the zakat declaration
The estimated zakat return in the Kingdom of Saudi Arabia can be submitted online via the Saudi Zakat and Tax Authority (GAZT) platform.
How to submit an estimated zakat return
Here are the general steps for submitting an estimated zakat return:
- Log in to your account: Log in to your account on the GAZT platform if you already have one. If you do not have an account, you must create a new account.
- Service selection: After logging in, search for the Zakat declaration service and choose it.
- Fill out the form: Fill out the estimated zakat form with the required information. You must provide details about assets, debts, investments, income, expenses and any other relevant information.
- Submitting the declaration: Once you have filled out the form completely, click on the “Submit the declaration” button or its equivalent on the platform.
- Payment of zakat: After submitting the declaration, the Zakat and Income Authority will calculate the zakat due based on the information you provided and based on the applicable zakat percentages.
- Receiving the Receipt: Once the Zakat has been paid successfully, you will receive a receipt proving the submission of the declaration and payment of the Zakat.
Fine for not submitting a zakat return
If the Zakat declaration in Saudi Arabia is not submitted on time, the Zakat and Income Tax Authority may impose penalties and fines on the taxpayers.
These penalties change based on the regulations and instructions issued by the Authority, which may change from time to time.
Penalties for not submitting a zakat return in a timely manner usually include:
- Financial fine: A financial fine may be imposed on the taxpayer depending on a percentage of the zakat due or a fixed amount. This percentage and amounts vary from case to case.
- Stopping tax services: The Zakat and Income Authority may stop tax services for the taxpayer until the return is submitted and the due zakat is paid.
- Possibility of confiscating assets: In some serious cases, a court may issue a decision to confiscate the taxpayer’s assets to cover the amounts owed.
- Legal Liability: Matters may be exposed to legal liability in the event of deliberate non-compliance with tax and zakat regulations.
How do I avoid the fine for not submitting a zakat return?
To avoid these fines, it is important that you file your zakat return on time and pay the zakat due correctly.
It is also preferable to consult with tax professionals or certified accountants at CFOONLINE to ensure full compliance with tax and zakat regulations in the Kingdom of Saudi Arabia.
Among the most important related articles:
_How to calculate estimated zakat for the year 2023 AD
_The executive regulations for collecting zakat, the most prominent 4 amendments
_ Collection of Zakat Ministerial Resolution No. 58705
Submitting the Zakat declaration for companies
Submitting the zakat declaration for companies is done with the same steps mentioned above.
Companies must comply with all zakat and tax laws and regulations in the Kingdom of Saudi Arabia and check continuous updates in the laws and regulations.
You may need to consult tax professionals or certified accountants at CFOONLINE to ensure full and accurate compliance with zakat and zakat return requirements.
Fill out the Zakat declaration
Filling out the Zakat declaration in Saudi Arabia requires accuracy and making sure that the information is filled out correctly and completely.
Here are general steps for filling out the Zakat declaration:
The process of filling out the Zakat declaration requires providing accurate and updated financial information about your assets, debts, income and expenses.
Here are the basic steps for filling out the Zakat declaration:
- Gather Information: Gather all documents and financial information required to fill out the return. This includes details about the company’s assets, debts, investments, revenues, and expenses.
- Fill out the form: Use the zakat declaration form designated for companies, which is usually available on the Saudi Zakat and Tax Authority (GAZT) website. Fill out the form carefully and accurately using the information you have collected.
- Check procedures and laws: Ensure that you comply with the applicable zakat laws and regulations in the Kingdom of Saudi Arabia. You may need to consult tax professionals or certified public accountants to ensure full compliance.
- Submitting the declaration: Once the form is completely filled out and verified, submit the declaration via the electronic platform designated by the Zakat and Income Authority.
- Payment of Zakat: When submitting the declaration, the Zakat and Income Authority will calculate the zakat due based on the information you provided. You must pay the zakat due in the calculated amounts.
- Receiving the receipt: After successfully paying the zakat, you will receive a receipt proving the submission of the declaration and payment of the zakat.
Amending the zakat declaration
If you submit a zakat return and want to amend it due to errors or changes in financial or tax information, you can usually amend the zakat return in Saudi Arabia through the following procedures:
- Log in to your account: Log in to your account on the Saudi Zakat and Tax Authority (GAZT) platform if you already have an account. If you do not have an account, you must create a new account.
- Service selection: Search for the Zakat Declaration Amendment or Zakat Amendment service on the platform and choose it.
- Modify the form: Modify the zakat form you previously submitted based on new or correct data. You should update information carefully and accurately.
- Re-submitting the declaration: After modifying the form correctly, re-submit the zakat declaration through the platform.
- Payment of any additional amounts or refund: If the amendment requires additional payment or refund, do so using the means available on the platform.
- Confirmation of Actions: Once the return is amended and resubmitted, ensure that you receive a receipt proving that the return was successfully amended.
New Zakat declaration
To learn more about the new zakat declaration in Saudi Arabia, you can contact our office CFOONLINE, which is the approved financial office in the Kingdom.
For guidance and assistance on preparing and filing your Zakat return correctly in accordance with new laws and regulations if you need additional assistance.
Declaration 10 for those who keep books of accounts
You can also obtain the service from our authorized financial office CFOONLINE and information about the 10 declaration for those who keep books of accounts.
Form No. (8 Zakat and Income)
For assistance with this, we at our certified financial office, CFOONLINE, always strive to provide the highest level of services to our valued customers.
Through a qualified and experienced team, we help you understand the requirements and challenges related to establishing companies in the Kingdom,
and provide you with the support and guidance necessary to make appropriate decisions.
The most important frequently asked questions about zakat declarations
We will review the most important frequently asked questions about zakat declaration in Saudi Arabia:
-
When must the taxpayer submit zakat returns?
The taxpayer who is not held accountable must submit his zakat declaration through the Authority’s electronic portal and pay the due zakat within (120) days from the end of his fiscal year. If the last day falls on an official holiday,
it shall be extended to the first working day after the holiday.
-
What documents need to be submitted with the zakat declaration?
In general, the taxpayer is required to submit a copy of the zakat declaration according to the form prepared by the Authority (C/10)
and Form 11 and the related attachments in the Arabic language in accordance with the instructions stated in the declaration,
such as the audited financial statements if necessary.
This is with some additional attachments in special cases:
- Central Bank certificate regarding the statutory deposit with the Central Bank of Saudi Arabia in the event of zakat declaration for financing companies in accordance with Ministerial Resolution No. (2216) dated 7 Rajab 1440 AH.
- The certified public accountant’s certificate regarding the zakat on foreign investments in accordance with the provisions of the fifth paragraph of Article Five in the regulations.
- Certificate of the certified public accountant in the event that the taxpayer has investments in investment funds that he has deducted
and the taxpayer has not disclosed the mechanism for calculating his share of the zakat on these investments within the attachments to his financial statements.
-
Is it necessary to have the zakat declaration certified by a licensed accountant before submitting it to the Authority?
The taxpayer is not required to certify the zakat declaration of companies subject to zakat at a rate of (100%
. While the taxpayer is required to certify the return in the case of mixed companies in accordance with the provisions of the income tax system in the Kingdom.
-
If the taxpayer submits his zakat declaration on the regular date, and then makes an amendment to his financial statements
-
resulting in discrepancies in the declaration that affect it by increase or decrease, is the taxpayer entitled to submit an amended zakat declaration?
The taxpayer may submit an amended zakat return, and the Authority has the right to examine the amended return to ensure the accuracy of what is stated therein.
Among the common questions about the procedures for examining and objecting to the zakat assessment
We have also prepared common questions about zakat assessment in our article: Zakat declaration in Saudi Arabia: How to submit, fill out, and modify the declaration form.
-
What is the examination procedure, and what are the limitations of this procedure?
The examination is an audit conducted by the Authority to verify the taxpayer’s compliance with what is stated in the regulations.
The examination may be conducted at the taxpayer’s workplace, the Authority’s headquarters, or any other place specified by the Authority.
The Authority will issue a prior notice, stipulating the examination procedure, details of the information and documents required, and when necessary, it will specify the zakat periods that will be reviewed.
During the examination period, the Authority’s employee may visit the taxpayer’s workplace to verify that the taxpayer is complying with all zakat obligations as stated in the executive regulations for collecting zakat.
The taxpayer must allow the examiner access to all invoices, books, records and accounting documents that he maintains upon request for the purposes of examination by the Authority.
-
Does the Authority have the right to restore the assessment to the taxpayer?
Yes, if it appears to the Authority at any time that the data provided by the taxpayer is incorrect, it has the right to re-calculate based on the correct information
within a period not exceeding five years from the deadline for submitting zakat returns.
And correct errors resulting from mathematical operations or placing a wrong number in place of a correct number within a period of ten years,
and it may refer those who provide incorrect or misleading information to the competent authorities to apply the penalties prescribed by law.
-
Is it necessary to pay amounts to accept an objection to the Authority’s decisions?
Regarding payment:
- Items not objected to: The taxpayer must pay the amounts due in full within the regular period of objection.
- Objected Items: The taxpayer must either pay a portion of the amounts due at no less than (10%) and not more than (25%) of the amounts due on the items to be objected to, or provide a financial guarantee for that.
Frequently asked questions regarding the Authority’s electronic services
We answered the most common questions regarding the Authority’s electronic services in our article: Zakat declaration in Saudi Arabia.
-
What is the mechanism for paying zakat dues after the invoice number is issued?
All the Authority’s dues can be paid through the SADAD system using the code (020) or via Mada through the My Fawateer service in the taxpayer’s account, with a maximum limit of 20,000.
-
What are the types of certificates? What is the mechanism for granting it?
- Registration certificate: Obtained by the facility if the registration requirements in the system with the Authority are completed from the beginning of the activity.
It shall be during the first fiscal year not exceeding (12) months
- Final certificate: The facility obtains it after submitting the declaration and paying the dues accordingly. The facility can complete all its governmental procedures and receive the final dues.
-
If the zakat declaration is submitted and the resulting zakat is paid, what is the method of obtaining a certificate?
The taxpayer has the right to apply for a certificate through the Authority’s electronic portal via the “Request a Certificate” icon,
select a new application, fill out the form with the required information, and upon the Authority’s approval, a certificate will be issued.
Note that the taxpayer must ensure that all his obligations have been paid or prove his objection to these obligations with the Authority or other litigation authorities before submitting a request for the certificate.
-
What is the mechanism for submitting a unified declaration request for the holding company and its subsidiaries?
The taxpayer can apply to submit a unified zakat declaration for the holding company through the Authority’s electronic portal through the “Register/Cancel Holding Company” icon,
fill out the data and submit the following documents:
- Ensure that the holding and subsidiary companies are registered with the Authority and obtain a unique number.
- Articles of incorporation for the holding and subsidiary companies.
- Commercial records of holding and subsidiary companies.
-
Is the taxpayer entitled to submit a request to pay the due zakat in installments?
Yes, the taxpayer has the right to submit a request to the Authority to pay the Zakat due in installments in cases where he faces difficulties in paying the due amounts in full,
through the electronic portal via the “Zakat Installment Plan” icon.
Complete the required data and upon the authority’s approval, a notification will be received to the taxpayer of approval along with the payment plan.
-
What should I do if the activity stops? And what does it entail?
When the taxpayer stops practicing the activity, he must notify the Authority within (60) days from the date of cessation and submit returns until the date of cessation and deletion of the record.
Failure to comply with this, the Authority has the right to make a link based on the information and data available to it.
-
Is the taxpayer required to disclose contracts concluded with other parties?
Yes, the taxpayer is required to disclose contracts whose value exceeds (100) thousand Saudi riyals to the Authority by filling out and submitting the special form for disclosing contracts through the Authority’s electronic portal.
Frequently asked questions regarding books and records
We are now reviewing answers to several questions about books and records, which we present in this article: Zakat declaration in Saudi Arabia.
-
If a specific document is not available in Arabic, what must be submitted?
The original is that all documents and records must be in Arabic. If a document is not available in Arabic, a certified Arabic translation of the document must be submitted.
-
What is the length of time required to maintain accounting records and books?
According to the commercial books system issued by the Ministry of Commerce, commercial books, documents and correspondence must be kept for at least ten years.
Other related articles:
_ Types of zakat and its conditions 2023
_ Conditions for the obligation of zakat 9. Learn about them
_ Zakat calculation in Saudi Arabia 1444 AH
_Zakat base, comprehensive guide 2023 AD
_ Common zakat questions in Saudi Arabia for the year 2023 AD
At the end of our article on zakat declaration in Saudi Arabia, we note that the most important points related to zakat declarations were mentioned, including the method of submitting, filling out and amending the zakat declaration form.
We at CFOONLINE are ready to serve our customers and provide free consultations.
Most important sources: