Zakat Transactions in the Construction and Real Estate Sectors

Contents

1. Introduction

1. 1.1 About Zakat

2. 1.2 Collection of Zakat

3. 1.3 Application of Zakat Collection in the Kingdom of Saudi Arabia

4. 1.4 Zakat, Tax and Customs Authority

5. 1.5 Functions of the Zakat, Tax and Customs Authority

6. 1.6 Overview of the General Zakat Guideline

2. Zakat Concepts, Terminology and Calculation Methods

3. Identifying Zakat Base for Zakat Payer Maintaining Commercial Books

1. 3.1 Components of Zakat Base (Additions)

   1. 3.1.1 Concepts Related to Additions

   2. 3.1.2 Additions to the Zakat Base

   3. 3.1.3 Items to Be Excluded from the Zakat Base

   4. 3.1.4 Guidelines for Additions to the Zakat Base

2. 3.2 Items of Zakat Base (Deductibles)

   1. 3.2.1 Concepts Related to Deductions

   2. 3.2.2 Items to be Deducted from the Base

   3. 3.2.3 Guidelines for Deduction from the Zakat Base

   4. 3.2.4 Items That Are Not Deducted from the Zakat Base

   5. 3.2.5 Other General Guidelines Regarding Zakat Base

   6. 3.2.6 Practical Examples

4. Adjustment to the Result of Business Activity

1. 4.1 Expenses that may be deducted

2. 4.2 Non-deductible Expenses

5. Construction Sector

1. 5.1 Definition of the Sector

2. 5.2 Practical Examples

6. Real Estate Activities Sector

1. 6.1 Definition of the Sector

2. 6.2 Practical Examples

7. Appendix: Frequently Asked Questions (FAQ)