Saudi Arabia has issued an amendment to a provision of Ministerial Resolution No.1007, concerning the Executive Regulations for Zakat Collection (Bylaws).The amendment, issued through Ministerial Resolution No. 947, extends the application period until 30 April 2025 to apply the provisions of the Executive Regulations for fiscal years that started before 1 January 2024.Zakat payers who wish to file an application to apply the Bylaws' provisions for fiscal years prior to 1 January 2024 should review how the new deadline can help them comply with their tax obligations and also potentially benefit their business.  Executive summaryOn 14 February 2025, Ministerial Resolution...