Zakat, Income Tax and Value Added Tax Services
We offer a comprehensive range of specialized services in the field of Zakat and taxes
Including income tax and Value Added Tax, it aims to ensure that companies and individuals comply with all tax requirements in accordance with local legislation in the kingdom of Saudi Arabia. Our diverse services include
Zakat services
. Providing Sharia Zakat consultations
Providing specialized consultations in calculating zakat in accordance with the Sharia provisions, including accounts related to money saved, companies, investments, and various assets.
. Preparation of annual zakat declarations
Assist companies in preparing annual zakat declarations in accordance with the legal and legal requirements. This includes the calculation of Zakat on fixed assets, bank accounts, and other assets.
. Audit of Zakat accounts
Conduct a comprehensive audit of corporate Zakat accounts to ensure that the accounts are correct and there are no errors in calculating the Zakat due, while providing recommendations to improve Zakat accounts in the future.
. Zakat planning consultancy
Providing advice on Zakat planning strategically commensurate with companies ' investments, to ensure compliance while minimizing the financial burdens resulting from zakat.
. Complaints and objections to zakat estimates
If there is any objection to the estimates of the General Authority of Zakat and income regarding zakat, we provide grievance and pleading services to the competent authorities to settle the dispute.
Income tax services
. Preparation of income tax returns
Providing integrated services for the preparation of income tax returns for individuals and companies in accordance with the approved tax regulations, making sure that they are submitted on time.
. Consulting on income tax planning
Provide tax advice to individuals and companies to reduce the tax burden in a legal way through tight tax planning strategies, such as taking advantage of tax exemptions and financial benefits.
. Audit and audit of income tax accounts
Checking the financial accounts of companies for accuracy and compliance with tax regulations, including the evaluation of financial records and income reports.
. Consulting regarding tax exemptions
Provide advice on how to take advantage of the tax exemptions available to companies in accordance with local laws, especially in cases of expansion or investment in specific sectors.
. Litigation and grievance before the commission
In case of disputes over income tax, we provide pleading and grievance services to the General Authority of Zakat and income to resolve disputes related to tax calculations.
. Estimated tax reports
Provide estimated tax reports that include future forecasts of the tax due, which helps companies in long-term financial planning.
Value Added Tax (VAT)services
. Registration for Value Added Tax
Providing VAT registration services for businesses and companies that exceed the limit set by the General Authority of Zakat and income, while helping to understand the registration requirements.
. Preparation and submission of VAT returns
Preparing monthly or quarterly VAT returns, including calculating the tax due on sales and purchases and submitting the returns according to the specified deadlines.
. VAT audit and assessment
Conduct a comprehensive audit of financial transactions for VAT, including sales and purchases, to ensure full compliance with tax regulations and the accuracy of calculations of the tax payable.
. Consulting for the application of VAT
Provide consulting to ensure that business operations comply with VAT in terms of supply, billing, procurement, and sales, which helps reduce tax risks.
. Dealing with exceptions and exemptions
Provide advice on cases where VAT exemptions or exceptions can be obtained, such as international transactions or services exempted by law.
. VAT financial and tax reports
Provide periodic financial reports containing accurate details of VAT transactions, making it easier for companies to follow up on tax accrual and submit returns on time.
. Litigation and grievance in VAT
Providing grievance and pleading services before the General Authority of Zakat and income in case of a dispute or objection to VAT estimates.
. Training on Value Added Tax
Providing targeted training courses and workshops to train company employees on how to deal with VAT in daily operations and how to manage tax records.
Internal audit services
Counting Internal audit One of the most important tools for ensuring the efficiency and effectiveness of financial and administrative systems in any enterprise. By providing internal audit services, we help companies
To strengthen internal control and achieve compliance with financial and organizational standards, which enhances the organization's ability to manage risks and achieve its strategic goals.
We provide comprehensive internal audit services that cover all aspects of financial and operational processes, contributing to improving performance and ensuring compliance with legal regulations. Our services include:
Evaluation of the effectiveness of internal control systems
- We help evaluate the effectiveness of internal control systems followed by companies in various departments and operations. This includes examining the policies and procedures adopted to ensure that they are able to reduce financial and operational risks.
Review of financial and economic procedures
We provide detailed audit services for financial operations such as general accounts, balance sheets, income and expenditure reports, as well as checking financial transaction records to ensure their correctness and accuracy.
Risk assessment and management
We provide a comprehensive assessment of risk management within the company, including analysis of potential risks in operational and financial processes, and provide the necessary recommendations to reduce these risks and improve their management strategies.
Review compliance and compliance with laws and regulations
We review the compliance of companies with local and international laws related to financial, tax, and commercial operations. We also help ensure that organizations comply with approved accounting and regulatory standards.
Review the effectiveness of operational procedures
Analyze operational procedures in various departments of the company to ensure that operations are carried out correctly and efficiently. This includes examining production, supply and service strategies to ensure that they manage resources efficiently.
Reporting and analysis of results
After the internal audit is completed, we provide comprehensive reports outlining the findings from the audit, including strengths and potential improvement points in systems and processes. We also provide the necessary recommendations to improve performance and ensure compliance.
Analysis and development of sustainable growth strategies
We help companies analyze sustainable growth strategies and provide advice on how to optimize existing processes to ensure sustainable market expansion is achieved while maintaining compliance with internal standards.
Audit of compliance with international accounting and auditing standards
Examine whether the company's financial operations are in line with International Accounting Standards (IFRS) or approved local standards, which helps ensure the accuracy of financial reports and enhances their credibility with regulators.
Preparation and development of an internal control manual
Assist you in developing an internal control manual that includes policies and procedures to be followed to ensure transparency and work efficiency. This guide aims to improve internal systems and reduce errors and fraud.
Internal audit and oversight training
We provide specialized workshops and training courses for the work team within the organization on how to effectively apply the principles of internal control, how to prepare internal audit reports, and ensure the effectiveness of the procedures followed.
You can contact us to get a quote for the service
The importance of internal audit services
Internal audit is one of the effective methods of improving the efficiency of corporate performance and ensuring the integrity of financial statements. It helps companies in:
. Achieving transparency: By detecting any irregularities or malfunctions in the procedures.
. Performance improvement: By providing recommendations aimed at improving operations and reducing losses.
. Risk management: By identifying potential risks and working to reduce them.
. Compliance with regulations: By ensuring that companies comply with local and international accounting laws and standards.
