Zakat & Tax

HLB WYZ specializes in zakat and tax services that cater to local businesses and multinational corporations alike. Our experts provide tailored strategies to navigate the complexities of tax regulations, ensuring compliance while optimizing tax liabilities.

Zakat and Income Tax Computation and Filing:

Precise calculations and timely submissions for zakat and income tax to ensure compliance.

VAT Filing:

Comprehensive support for value-added tax compliance, including preparation and submission of VAT returns.

WHT Filing:

Assistance with withholding tax compliance, ensuring all obligations are met accurately.

Tax Planning:

Strategic advisory services designed to optimize tax positions and reduce liabilities.

Tax Structuring:

Developing effective tax structures that align with business goals and regulatory requirements.

Transfer Pricing:

Ensuring compliance with regulations on pricing arrangements between related entities.

Appeals and Assessments:

Guidance in managing tax disputes, appeals, and assessment processes.

Refunds:

Assistance in reclaiming overpaid taxes through meticulous documentation and submission processes.

Health Check:

Comprehensive reviews of tax compliance and exposure to identify potential risks.

Impact Assessment:

Evaluating the potential effects of tax changes on business operations.

International Tax and Transactional Advisory:

Expert advice on cross-border taxation issues and international transactions.

Tailored consultations on various tax matters affecting businesses.

Consultation Services:

Zakat and Tax in the Saudi Market

The Saudi market is characterized by a unique tax environment, particularly with the implementation of VAT and updated zakat regulations. Organizations must navigate complex tax obligations while adhering to the Kingdom's Vision 2030 objectives, which emphasize economic diversification and sustainability. HLB WYZ helps clients efficiently manage their zakat and tax responsibilities, ensuring they remain compliant while benefiting from strategic tax planning.

Why Choose HLB WYZ?

With HLB WYZ, clients benefit from a dedicated team of tax professionals who understand the intricacies of the Saudi tax landscape. Our proactive approach to tax planning and compliance ensures that businesses not only meet their obligations but also optimize their tax positions for better financial outcomes.