Merging GAZT with Customs Authority to enhance business, security: Al-Jadaan

Mohammed Al-Jadaan, Saudi Minister of Finance

Saudi Arabia’s decision to merge the General Authority of Zakat and Tax (GAZT) with the General Authority of Customs will enhance security, business and trade exchange, in addition to other Zakat, tax and customs procedures, Mohammed Al-Jadaan, Minister of Finance and GAZT chairman, said in a statement.

The new merged entity is in line with the latest international practices, and will boost operating as well as cost efficiency, Al- Jadaan said, adding that the government’s efforts to continuously develop the state-owned entities came within Saudi Vision 2030.

The Saudi Cabinet, chaired by King Salman bin Abdulaziz, approved on May 4, 2021, merging the General Authority of Zakat and Tax with the General Authority of Customs to form an umbrella unit named “Zakat, Tax and Customs Authority,” Argaam reported.