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FinancialNews
09-02-23
ZATCA governor reveals plan to integrate zakat, tax bodies within Q1 end
(MENAFN) The complete merger of the General Authority of Zakat and Tax with the General Authority of Customs is going to be finalized by the closing of the January-March period of this year, as shown by ZATCA Gov. Suhail Mohammed Abanmi.
While giving a speech at a panel address at the Zakat, Tax and Customs Conference the Saudi Capital, Riyadh, on Wednesday, Abanmi stated that ZATCA dealt with so many issues to integrate these bodies, but it is positively finishing the process as the authority continued many studies to evaluate the probable obstacles that could come up in the journey.
“The decision to integrate tax and customs bodies was taken in 2021, and it will be completed by the first quarter of this year,” according to Abanmi.
He continued: “The integration of tax and customs bodies is a huge remarkable achievement. We faced so many challenges. But we successfully overcome those hurdles by conducting a study. The study was well detailed, and we found solutions for these challenges.”
MENAFN09022023000045014228ID1105548203
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