Zakat and Tax

Overview

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

Khalid Al Sabti

Partner

+966 (0) 50 322 0002

Muhammad Ghazali

Senior Executive Director

+966 (0) 55 003 3919

Moustafa Elhamady

Head of Assurance

+966 (0) 54 085 3234