Zakat and Tax Training in Saudi Arabia

Course Overview

Zakat and Tax Training in Saudi Arabia aims to provide full knowledge on Zakat and income tax in the Kingdom of Saudi Arabia and all the rules and procedures related to them.

In addition to that, this course Saudi Zakat and Tax Training in Jeddah aims to professionally prepare participants through practical aspects of zakat and tax laws applicable in the Kingdom and to full understand Zakat and taxation mechanisms.

Learning Objectives

Understand the basic fundamentals of Zakat and Income Tax Law.
Learn how to fill in Zakat and Tax Declaration and timing.
Know the attachments required with the Zakat and Tax Declarations.
Be able to read the financial statements to determine the Zakat and Tax Base.
Learn how to calculate the Zakat and Tax adjusted net profit/loss.
Learn how to calculate the Zakat and Tax Base
Acquire scientific knowledge of the general framework for accounting for zakat and taxation
Acquire analytical skills through the application of theoretical concepts acquired on a variety of practical situations
Develop critical thinking through the development of students’ abilities to choose the bases and appropriate for various zakat and tax transactions accounting rules skills
Develop students’ skills in dealing with the rules of information through the preparation of research on the subject of the study

Who must attend

The Zakat and Tax Training in Saudi Arabia is designed for finance, tax specialists, tax managers, accountants, auditors, financial analysts, and financial controllers in Kingdom of Saudi Arabia.

Topics Covered

Fundamentals of Zakat and Income Tax Law
The concept, characteristics and goals of Zakat
Adjusted net profit/loss
Determining the Zakat and Tax Base
Types of Zakat and Tax Declaration and timing
Zakat regulation
Income Tax Law
Tax Filing and compliance procedures
Fixed assets and depreciation
Withholding Tax
Natural Gas Investment Tax
Tax Treaties
Saudi income tax calculator
Saudi income tax rates for expatriates
How to file Saudi income tax return
Saudi income tax laws for foreign workers
Saudi income tax refunds for expats
Income tax exemptions in Saudi Arabia
Saudi income tax for self-employed individuals
Saudi income tax for freelance workers
Saudi income tax for remote workers
Saudi income tax for non-residents

Accounting for Zakat and Taxes

This course also includes definition of the rules and accounting systems of Zakat, as well as the foundations and accounting systems of Taxes in the light of the Zakat system and income tax and their application in Saudi Arabia.
Accounting for Zakat
Accounting for Zakat exploited
How to do accounting for Zakat Trade Offers (individual enterprises – companies)
Work procedures relating to the interests of the Zakat and Income (filing the return – examination – link – objection – Appeal)
The concept of properties and tax goals
The difference between the tax and zakat (similarities and differences – a combination of both)
The difference between tax evasion and double taxation
The structure and properties of the tax system in Saudi Arabia
Fines under the new tax system
Tax accounting rules on the activity of the liberal professions and crafts
Tax accounting rules for individual installations
Case Study in Zakat and Tax Declaration