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Blog entry by FintEdu Admin

ZATCA Unveils New Guidelines for Investment Funds

KSA, 16 August, 2024 : The Zakat, Tax, and Customs Authority (ZATCA) has issued new guidelines for investment funds, focusing on several key areas:

Zakat Collection: Detailed procedures for collecting Zakat from investors in investment funds.

Zakat Obligations: Criteria determining which investors are subject to Zakat.

Registration: Requirements for registering investment funds with ZATCA.

Liabilities: Guidelines on managing liabilities for investment funds.

Adjustments: Rules for additions and deductions related to Zakat liability.

Accounting Framework: Updated accounting standards for Zakat in investment funds.

These guidelines aim to streamline Zakat compliance and enhance the regulatory framework for investment funds.

Click link to access

Source : www.zatca.gov.sa

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