Zakat And Tax Compliance & Consulting

The Zakat is paid annually by Saudi individuals and companies within the provisions of Islamic law as laid down by Royal Decree No. 17/2/28/8634 dated 29/6/1370 H. (1950). Zakat and tax compliance are essential for individuals and businesses to fulfil their financial obligations. The Zakat is an annual flat rate of 2.5 per cent of the assessable amount. Hanz has a team of professional experts in the field of finance to help an individual or company fulfil these compliance requirements and ensure that the regular financial duties are met. Our services assist individuals and businesses in calculating and disbursing the obligatory Zakat. We also help in understanding the tax landscape, VAT, income tax and such levies. Our services also extend to detailed and timely tax planning, maintaining records, and optimizing financial structures.