Zakat Obligations When Setting Up a Business in Jeddah
Zakat plays an important role in business finances and spirituality in Saudi Arabia, including Jeddah. Zakat, being a Zakat, Tax, and Customs Authority (ZATCA) required contribution based on wealth and assets, applies to some forms of businesses. Therefore, when establishing a business in Jeddah, one should be aware of the zakat obligations to ensure that…