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Saudi Arabia issues new Executive Regulations for Zakat Collection

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Saudi Arabia

  • Saudi Arabia has issued the new Executive Regulations for Zakat Collection (Bylaws).
  • The objective of the Bylaws is to provide more clarity on the existing zakat regulations regarding taxpayers' rights and zakat calculation methods.
  • The Bylaws also aim to combine all the zakat collection rules applicable to various sectors under one set of regulations.
  • Zakat payers should review the impact of the Byl…

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