Get expert Zakat filing services with BMS Auditing. We help businesses in Saudi Arabia calculate Zakat, submit accurate filings, and comply with ZATCA regulations to avoid penalties.
At BMS Auditing, our firm guides businesses in Zakat compliance for operations undertaken in Saudi Arabia to comply with the regulations of the ZATCA. Zakat finds its way through the social welfare system of Saudi Arabia, aptly contributing to the development and well-being of the Kingdom. Zakat is levied on income and assets arising from the activities of Businesses in Saudi Arabia. However, revenue and assets from international operations are usually exempted from the Zakat base.
Our Zakat compliance services for Businesses involve calculating the Zakat base accurately, including assets and profits arising within the Kingdom. This usually encompasses:
- Cash and Cash Equivalents: Cash balances, bank deposits, and other liquid financial instruments in Saudi Arabia.
- Inventory: Goods or products available for sale or distribution in the Kingdom.
- Accounts Receivable: Amounts due from clients or business partners in Saudi Arabia.
- Investments and Financial Instruments: Investment activities in Saudi Arabia and any returns generated in the Kingdom.
We make sure that Zakat filing for your company is accurate and in accordance with the rules of ZATCA, therefore no penalty is induced. Our team will help you to identify Zakatable assets, calculate Zakatable profits, and then submit all the necessary documentation required.
Our tax and compliance services come with a quality guarantee, and an assurance that your business operates Zakat obligations efficiently and under the Saudi legal framework.
Let BMS Auditing take the complexity out of Zakat compliance and keep your business fully aligned with local regulations.
