ZATCA issues guidelines, policies, and procedures (P&Ps) on Zakat, VAT, and tax (withholding tax and corporate tax) matters through official regulations, circulars, and online portals. The ZATCA guidelines aim to clarify how Zakat and taxes apply to certain debatable items, helping to enhance the tax system in the nation in support of Vision 2030. The ZATCA framework urges businesses to meet tax regulations and avoid legal penalties.
During the ZATCA assessment, Reve Consult helps businesses handle audits, ensure compliance, and resolve disputes. Our tax consultants assist you in responding to ZATCA queries, mitigating potential penalties, and, most importantly, preparing accurate financial records. With strategic tax planning, we facilitate accurate VAT filings, deductions, and Zakat calculations.
As part of our comprehensive tax consultancy offering, Reve Consult will assist your organization in ensuring full compliance with the requirements set forth by the Zakat, Tax and Customs Authority (ZATCA). Our objective is to minimize any risk of non-compliance while supporting you in meeting your tax obligations accurately and on time. Our experienced team will guide you through each stage of the process, providing clear advice and proactive support. By engaging in our services, you can be assured of compliance with regulatory requirements and sustained good standing with the tax authority.
Our scope of services includes:
ZATCA is authorized to review, audit, and impose penalties on taxpayers at the end of a tax period. The ZATCA Review Window is classified into 3 categories based on the type of asset or income. The ZATCA Review window mentions a tax period ranging from 5 years to 15 years, depending on the type of business.
