Alshibany For Zakat And Income Tax

Alshibany Certified Public Accountants - Summary

Alshibany Certified Public Accountants was established under the Professional license Number (465), issued by the Saudi Organization for Certified Public Accountants (SOCPA)to provide accounting and auditing services, as well as financial, administrative, and technical consulting in the Kingdom of Saudi Arabia, in accordance with the Code of Conduct and professional Ethics.

Alshibany Zakat & Income Tax Service

Alshibany Zakat & 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 10 to 15 years in Zakat and Tax Consulting fields.

Our Services

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• Obtaining Final and Recorded Zakat and Income Tax Certificate.

• Provide advice related to Zakat and Income tax including submitting Zakat and tax declarations, and representing companies at the Zakat & Income Dept. in KSA.

• Provide assistance in preparing the tax and Zakat declarations and to conduct a follow-up with the competent authorities.

• Helping to answer queries of Zakat and Income Department.

• Provide advice and assistance to handle day-to-day transactions.

• 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.

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Our Team

Ali Al-Shaibany CEO He obtained the US membership of Certified Public Accountant (CPA) and the membership of Saudi Organization for Certified Public Accountants (SOCPA) as he holds a master's degree

Moutasem Alz’ztreh Audit and Business Advisory Moutasem has spent 10 years with an international accounting firm in Saudi Arabia. He graduated from Yarmouk University in Jordan with a Bachelor’s degree in Accounting.

Ibrahim Alhunaity Consultant and Tax Expert Holds a bachelor's degree in accounting from Yarmouk University
He holds a master's degree in auditing and taxation from Al-Bayt University
He holds a PhD in International Business