Zakat and Tax
Zakat and tax codes are among the laws that achieve social justice. As such, it is important for enterprises to understand the implications of their transactions from a tax perspective.This is also the case for Zakat. Although the application of the Zakat codes is relatively easier in comparison to that of the tax codes, enterprises ought to be cautious with the enforcement of the relative code.
Therefore, we provide implications advisory services on the application of the Zakat and Tax codes to enterprise in order to take advantage of the implications favorable treatments and incentives related to their activities. This is in addition to providing recommendations for resolving complicated issues and disputes. Our services also include implications providing advisory services on Value Added Tax(VAT), which is an indirect tax imposed on all goods and services that are bought and sold by enterprises, with a few exceptions. It is worth noting that VAT is imposed at each stage of the supply chain, from production and distribution to the final sale of the good or service.