ZATCA Unveils New Guidelines for Investment Funds

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.

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Source : www.zatca.gov.sa