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Saudi Arabia Ministry of Finance issues Zakat Collection Rules for Investment Funds

|Tax Alerts, Information Reporting, Legis ...|Saudi Arabia
Saudi Arabia

  • The Zakat Collection Rules for Investment Funds (Fund Zakat Rules) will be effective from 1 January 2023.

  • The Fund Zakat Rules were issued to clarify the zakat calculation mechanism for the Capital Market Authority’s (CMA) approved investment funds (or real estate investment funds) and their investors.

  • Approved investment funds (Funds) in Saudi Arabia should register and file information declaration…

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