WE ARE AL SHAIBANY GROUP
PROVIDE BEST TAX SOLUTION FOR YOUR BUSINESS PERFORMANCE SUCCESS TO GROWUP
“ ALI ALSHAIBANY ZAKAT AND TAX SERVICE was established and has the license number 12239, issued by the Ministry of Commerce and Industry to provide Zakat and Tax Consulting in the Kingdome of Saudi Arabia. Our policy is to recruit the best qualified employees. Therefore, our employees have solid experiences that range from 25 years in Zakat and Tax Consulting fields.”
Read MoreOUR SERVICES
PROVIDE BEST SERVICES
Our goal is to be at the heart of the financial services industry as businesses expand across the globe.
TAX Certification
Obtaining Final and Recorded Zakat and Income Tax Certificate.
Zakat Declarations
Provide assistance in preparing the Tax and Zakat declarations and to conduct a follow-up with the competent authorities.
Day-to-Day Transcations
Provide advice and assistance to handle day-to-day transactions.
Advice TAX
Provide advice related to Zakat and Income tax including submitting Zakat and Tax declarations, and representing companies at the Zakat & Income Dept. in KSA.
Helping
Helping to answer queries of Zakat and Income Department.
Planning
Long-term Zakat and Tax Planning.
VAT Services
VAT Implication Review 4-6 Weeks
Our work will be based on publicly available information. We will analyze the VAT legislation and guidance from the authorities to the extent available as our work progresses.
Planning and Implementation 4-5 Weeks
We will assist in analyzing VAT registration obligations, including grouping registration.
We will review changes on source documents (e.g. customer invoices, credit/debit memo) and provide our comments for compliance with VAT regulations.
We will update our findings and to follow-up on outstanding issues to comply with legislative developments, guidance, or other information made available post completion of Implication Review.
VAT Reporting Review 2-3 Weeks
We will update our findings as per information made available in the final VAT laws.
We will confirm that invoicing requirements (for both input and output VAT purposes) set in Planning and Implementation are consistent with the final VAT laws.
Post Implementation Assistance 2-3 Weeks
We will provide our comments on the first VAT return submitted to tax authorities vis-a-vis all sales and purchases transactions for the first quarter identifiable by tax procedures and/ or by company.
We will review the VAT reconciliation prepared by company’s management and provide our comments on the accuracy of the quarterly VAT returns.
We will provide our comments on the adequacy of the VAT rates applied by the company in preparing the first quarter VAT return.
