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Zakat & Tax

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Overview

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A financial audit is aiming to provide reasonable assurance about the preparation of the financial statements by the relevant accounting framework. The financial statement audits give assurance over the financial information for better decision making by the users of the financial statements.
Ecovis Auditing and Assurance experts bring their all-inclusive experiences to our clients, helping them to comply with local regulations related to financial reporting as well as provide reliable, transparent information. We offer a dependable audit process by gathering experts to tackle complex issues, using a recognized international approach and positioning the latest auditing tools and frameworks together.
Our audit is a Risk based audit methodology in accordance with the International Standards of Auditing (ISA’s), along with a Quality Standards that meets both ECOVIS international quality standards and ISQC1
We at ECOVIS ensure that our team of experts are fully equipped with the relevant qualifications needed for them to initiate, plan, and execute the engagements. Our team of experts has an up-to-date knowledge of International Standards on Auditing (ISA), International Financial Reporting Standards (IFRS), and relevant Saudi Organization for Certified Public Accountants (SOCPA) publications. Following are the key services offered:

  • Financial Statement Audits

  • Accounting Compliance and Reporting

  • Special Purpose Audits

  • Agreed-upon Procedures

  • Review and Compilation Services

  • Attestation Services (IFRS)

  • Assurance over Accounting Policies

  • Assurance over non-financial information

  • Financial Reporting Assistance & Practices

  • Technical Accounting Research and Consulting

Zakat & Tax

At Ecovis, we provide our clients with highly qualified experts that can deal with our client’s complex tax transactions and ensure their compliance with local laws and regulations with the optimal tax structure.
The search for the ideal method of wealth distribution has been a significant concern for economic experts and corporations worldwide. With proper support and innovation, the tax advisors provide the optimal tax planning that can lead the client to meet tax regulations. This requires in-depth knowledge and analysis of related regulations and related precedents. Our tax experts can utilize the appropriate experts’ knowledge to provide our clients with the knowledge and value coming from their diverse expertise in this field about the requirements related to Corporate Income Tax, Value Added Tax (VAT), Withholding Tax (WHT), and Zakat

Following are the key services offered:

  • Tax planning

  • Registration and de-registration

  • Return calculations and filing

  • Zakat, Tax, and VAT Accounting

  • Transfer pricing assessment and filing

  • WHT assessment and filing

  • Tax consultancy

  • Training

  • Litigations, and Appeals

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Why Choose Ecovis

There are many differentiators that distinguish ECOVIS from our competition:
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Specialist People and Skills Within internal audit in the region, we have specialist industry teams lead by SMEs
 Focus on specific key business drivers and risks as well as insights on leading practices
 Value for Clients Each industry team includes specialists for respective industry, and not generalist
 ⦿ ⦿ Fastly Growing IA Practice We have the one of the fastest growing IA team in the region A consistent locally available and scalable team Value for Clients Our auditors are full-time permanent staff, not temporary contractors ⦿ ⦿ We have right mix of bilingual professionals at all levels ⦿ Approach & Methodology Our approach and methodologies are at par with international standards and uniformly understood and implemented by our staff Continuity and best in class knowledge transfer to your people Value for Clients ⦿ Technology & Data Analytics Our professionals use state of art technology to analyze data that contributes in intelligent auditing rather than random sampling A more comprehensive audit and work-product Value for Clients ⦿ Global Reach Being a global firm, we have privileged access to global knowledge base and industry best practices Knowledge of hot topics and best practices in the industry Value for Clients ⦿

ECOVIS is a leading global accounting and consulting firm In Saudi Arabia with its origins in Continental Europe. Its consulting focus and core competencies lies in the areas of tax consultation, accounting, auditing, and legal advice.

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