Today, Tuesday, the Saudi company Amiantit “Amiantit” announced that it has received letters from the Zakat Tax and Customs Authority. in on issuing the decision of the first department to resolve violations and disputes in income tax matters, accepting some of the company’s objections to the elements mentioned in the objections and rejecting some other elements in the zakat differences for previous years.
The company stated in a statement to “Saudi Tadawul” that the total amounts that the committee approved of the company’s objection amounted to approximately R150 million, noting that the company maintains a provision to cover unacceptable amounts.
It indicated that this decision is subject to appeal by both parties within 30 days from the date of receipt of the decision, i.e. June 6, 2022, and as a result, the company will do its best and will file an appeal to oppose the elements that have not been approved by the committee.
Amiantit added that it will determine and announce the final financial impact and any material developments in timely manner.
The case dates back to December 20, 2020, when he received letters from the Zakat Tax and Customs Authority, which included a request for payment of zakat differences in the amount of 231 million riyals for the years 2015 to 2018.
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