EYSaudi Arabia proposes penalties for zakat non-compliance
|Tax Alerts, Legislation & Policy, Na ...|Saudi Arabia
Executive summary
On 2 March 2020, Saudi Arabia’s General Authority of Zakat & Tax (GAZT) published draft Zakat Levy Regulations for public consultation.1 The draft regulations propose financial penalties for non-compliance with zakat obligations. The regulations are open for public consultation until 31 March 2020. The proposed regulations, if approved and published during 2020, will be e…
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