Accounting for Zakat and Taxes

Course Description

This course introduces the student to the accounting principles of zakat and taxes. The subject of zakat includes accounting for different types of money (monetary wealth - crops and fruits - earnings of work - livestock - exploits - trade offers), theoretical and practical.
The tax subject includes tax accounting, and the tax system in the Kingdom of Saudi Arabia, both theoretical and practical, and in addition to the above work procedures related to zakat and taxes in the General Authority for Zakat and Income in the Kingdom of Saudi Arabia, such as submitting declarations in the case of regular accounts, arbitrary assessment, examination, and linking , Objection, and Appeal.

Course Aims

• Acquire scientific knowledge of the general framework for accounting for zakat and taxation in the Queen.
• Acquire analytical skills through the application of theoretical concepts acquired on a variety of practical situations.
• Develop critical thinking through the development of students' abilities to choose the bases and appropriate for various zakat and tax transactions accounting rules skills.
• Develop students' skills in dealing with the rules of information through the preparation of research on the subject of the study.

Course Contents:

• The concept, characteristics and goals of Zakat
• Accounting for cash Zakat
• Accounting for Zakat crops and fruits
• Accounting for Zakat gain work
• Accounting for Zakat liberal professions and crafts
• Accounting for Zakat livestock
• Accounting for Zakat exploited
• How to be accounting for Zakat Trade Offers (individual enterprises - companies’ people - funds) companies
• work procedures relating to the interests of the Zakat and Income (filing the return - examination - link - objection – Appeal (
• The concept of properties and tax goals
• The difference between the tax and zakat (similarities and differences - a combination of both (
• The difference between tax evasion and double taxation
• The structure and properties of the tax system in Saudi Arabia
• Fines under the new tax system
• tax accounting rules on the activity of the liberal professions and crafts
• tax accounting rules for individual installations
• tax accounting rules only people
• tax accounting rules for capital companies
• tax accounting rules for natural gas Activity
• work procedures relating to taxation and zakat interest income (filing the return)

Course ID: ACCT372