Compliance Services and Annual Procedures for Zakat and Tax Declarations

الاعتراضات

الاعتراضات

Compliance services and the annual procedures for submitting zakat and tax appeals are vital elements for any company. Follow-up Professional Consultancy, licensed by the Zakat, Tax and Customs Authority, as well as Rakaez Company, provide comprehensive services to ensure full compliance with regulations.

الاعتراضات

Since zakat is one of the fundamental pillars of Islam, adherence to its regulations is mandatory for companies operating in the Kingdom. A clear understanding of payment requirements is essential to avoid any hesitation and ensure compliance.

Zakat and Income Tax Services

1. Preparation of Zakat and Tax Declarations:
   • Preparation of comprehensive zakat and tax reports.
   • Review of detailed schedules integrated with the declaration.
2. Submission and Follow-up:
   • Submission of declarations and supporting documents via the electronic portal.
   • Notifying taxpayers of payment deadlines.
   • Follow-up with the Authority to obtain the final zakat certificate.
3. Issuance of Certificates:
   • Issuing clearance letters and facilitation letters.
4. Inquiries and Responses:
   • Responding to inquiries from the Authority, including reviewing and auditing documents.
   • Assisting in preparing supporting data to respond to inquiries.
5. Review and Discussions:
   • Reviewing different sectors within the Authority.
   • Discussing the taxpayer’s zakat status with officials.
   • Receiving and reviewing official letters from the Authority.
6. Ongoing Support:
   • Providing continuous specialized support on zakat and tax matters.
   • Keeping clients informed of the latest updates from the Zakat and Income Tax Authority.

Objection and Appeal Procedures

1. Preparing Responses:
   • Assisting in preparing responses to inquiries from the Authority and related committees.
   • Reviewing and approving data before submission.
2. Objection Memos:
   • Preparing objection memorandums against the assessments issued by the Authority.
   • Representing clients before the Objection and Appeal Committees.
3. Letters and Appeals:
   • Submitting objection letters and appeal letters to the General Secretariat of the Tax Committees.
4. Representation:
   • Representing taxpayers at objection sessions before the General Secretariat.
5. Handling Decisions:
   • Receiving decisions from the committees on behalf of the client.
   • Providing technical opinions on the decisions.
   • الاعتراضات

Zakat Consultations

1. Contract Review:
   • Reviewing contracts to examine the impact of zakat and tax.
   • Providing technical advice.
2. Providing Data:
   • Submitting contract data forms on behalf of taxpayers.
3. Inquiries and Responses:
   • Addressing further inquiries and assisting with any additional documentation required.
4. Field assistance:
   • Attending tax inspection visits as well as field zakat.
5. Special facilities and letters:
   • Assistance in obtaining special facilities, such as letters to release withheld funds.
   • الاعتراضات

Finally, for more details about zakat and tax appeals, you can contact us.