Zakat, income tax and Qawaem
Zakat base, Zakat return, the Qawaem platform, Sharia Zakat
What you will find in this section
Who is subject to zakat and who to income tax, the zakat base with a numerical example, the steps and deadlines for filing the zakat return, uploading financial statements to the Qawaem platform, and zakat for individuals.
Zakat and income tax: who is subject to which?
When a business pays Zakat and when it pays income tax, and how the liabilities are calculated in a company with mixed ownership between Saudi and foreign partners.
Zakat, income tax and QawaemThe Zakat base simplified, with a numerical example
A simplified illustrative example that explains the logic of the Zakat base: sources of funds, deductions, comparison with adjusted net profit, and calculating Zakat.
Zakat, income tax and QawaemFiling the Zakat return step by step, with deadlines
The documents required, the steps for filing through the ZATCA portal, a table that works out the return deadline for each financial year-end, and tips to avoid delays.
Zakat, income tax and QawaemThe Qawaem platform: uploading financial statements without rejection
Who must upload financial statements to the Qawaem platform, the documents required, the steps to log in with Nafath, common reasons for rejection, and the statutory deadline.
Zakat, income tax and QawaemPersonal Zakat for individuals: Nisab, Hawl and what it is due on, with a worked example
How to know whether Zakat has become due on you, which wealth is included in the calculation and which is not, with an example combining cash, gold, trade goods and debts.