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Beacon FinTrain

Provides an array of professional business and financial training services that stem from improving a corporate's treasury workflow —all the way to efficient, finance training programs.

Course Overview

In the current era witnessing rapid developments in the financial landscape, understanding the concepts of Zakat and taxes is of paramount importance. Both Zakat and taxes play vital roles in economic development and societal well-being. For individuals, companies, and organizations operating in the Kingdom, compliance with these financial obligations is not only a legal requirement but also an ethical duty.
This carefully designed course aims to provide participants with a deep understanding of the principles, laws, and practices of Zakat and taxes in the Kingdom of Saudi Arabia. Whether you are a business owner, financial professional, or an individual seeking clarity on your financial responsibilities, this course is tailored to meet your needs.

Learning Outcome

Comprehend the Concept of Zakat and its Economic and Social Roles

Analyze Types of Taxes and their Applicable Laws in Saudi Arabia

Identify Assets Subject to Zakat and Possible Exemptions

Evaluate Facilitations and Benefits for Tax Compliance

Apply Practical Examples of Calculating Zakat and Taxes

Engage in Case Studies and Discussions for Practical Insights

Course Outline

  • The General Framework of Taxation in the Kingdom of Saudi Arabia.
  • The Concept of Tax Accounting and its Characteristics.
  • The Basic Rules of Tax Imposition.
  • Objectives of Taxation.
  • Types and Divisions of Taxes.
  • The Concept of Tax Doubleton and its Types.
  • Indirect Tax Structure in the Kingdom.
  • The Concept of Zakat and Zakat able Assets.
  • Zakat Collection in the
  • Kingdom and the Entities Subject to it
  • Procedures for Inspection, Linkage, and Collection of Zakat.
  • Zakat Base.
  • What is Value-Added Tax (VAT)?
  • Taxable Goods.
  • Exempted Goods and Possible Exemptions.
  • Zero-Rated Tax.
  • Differences between Sales Tax, Value-Added Tax, and Excise Tax.
  • The Purpose of Tax Declaration.
  • Mechanisms for Submitting Tax Declarations.
  • Practical Cases on Writing Tax Declarations.
  • Requirements for the Validity of VAT Tax Declaration.
  • Tax Evasion, Avoidance, and Planning.
  • Types of Tax Evasion.
  • The Role of Tax Inspection.
  • Requirements for Tax Audit and Inspection
  • Practical case Studies to practice calculating Zakat.

Who Should Attend

Finance and accounting professionals.

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