مكتب رقم 12 برج بنك التنمية - حي الغدير، الرياض
مكتب رقم 12 برج بنك التنمية - حي الغدير، الرياض
By answering these brief questions, We will conduct a preliminary examination and issue you a report showing the most important financial and tax obligations that you should pay attention to.
The type of legal entity of the business affects the way the company operates and the compliance responsibilities associated with it. The legal entity also determines the size of the personal commitment. Companies are considered a separate legal entity from owners. While institutions are an extension of the owner’s entity. Therefore, if there is a debt or commercial obligation that the entity is unable to fulfill, The other party has the right to claim its rights from the owner’s personal property and assets.
Maintaining accurate financial records of financial transactions, Even when it is not a direct requirement for financial compliance, A matter of utmost importance. These records are the backbone of proper financial management. Which provides many benefits to the facility, In tracking profits, losses and cash flows. It will also be the main reference for answering any inquiries received from regulatory authorities.
The Zakat, Tax and Customs Authority is the legislative body responsible for collecting zakat and collecting taxes and customs duties. The responsibility for preparing zakat and tax returns falls on the taxpayer, and he is required to calculate them, upload them to the Authority’s system, and pay them. The Authority has the right in the future to examine the taxpayer’s records and verify the accuracy of the calculation and make the necessary amendments. Imposing any fines or fines in the event of errors.
