Al-Baha plans to appeal SAR 16.8 mln Zakat order

08/10/2015 Argaam

Al-Baha Investment and Development Co. (ABDICO) is planning to contest an order by Saudi Arabia's Department of Zakat and Income Tax (DZIT) requiring it to pay SAR 16.85 million in Zakat for the 2000-2010 period.

 

ABDICO will file an objection to the department on within sixty days as per maket rules, the company said in a statement to Tadawul.

 

The financial impact will be assessed after the appeal is finalized by the firm's Zakat advisor.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.