Tax and Zakat Accounting

Q1.
The Saudi Income Tax Law have distinguished between Saudi-owned entities and non-Saudi persons and entities. Discuss the difference between the two groups with regards to income tax law?

(5Marks)

Answer:

Q2. Explain how the tax base is calculated according to Article (6) of the income tax law.(5Marks)

Answer:

Q3. Discuss the types of activities that are considered taxableaccording to Saudi income tax.

(5 Marks)Answer:

College of Administration and Finance Sciences
Assignment (1)
Deadline: Saturday 02/03/2024 @ 23:59
Course Name: Tax and Zakat Accounting
Student’s Name:
Course Code: ACCT 422
Student’s ID Number:
Semester: Second
CRN:
Academic Year: 1445 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
•
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
•
Assignments submitted through email will not be accepted.
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Students are advised to make their work clear and well presented; marks may be reduced for
poor presentation. This includes filling your information on the cover page.
•
Students must mention question number clearly in their answer.
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Late submission will NOT be accepted.
•
Avoid plagiarism, the work should be in your own words, copying from students or other
resources without proper referencing will result in ZERO marks. No exceptions.
•
All answers must be typed using Times New Roman (size 12, double-spaced) font. No
pictures containing text will be accepted and will be considered plagiarism.
•
Submissions without this cover page will NOT be accepted.
College of Administration and Finance Sciences
Q1. The Saudi Income Tax Law have distinguished between Saudi-owned entities and nonSaudi persons and entities. Discuss the difference between the two groups with regards to
income tax law?
(5 Marks)
Answer:
Q2. Explain how the tax base is calculated according to Article (6) of the income tax law. (5 Marks)
Answer:
Q3. Discuss the types of activities that are considered taxable according to Saudi income tax.
(5 Marks)
Answer: