Zakat is also a duty on all saudi natural persons residing in the kingdom, those treated as gcc nationals, saudi companies based in the kingdom which are treated as saudi nationals and shares of saudi governmental bodies. On the other hand, the types of wealth on which zakat must be paid are monetary. Given over this page is zakat in islam basic info quiz online questions and answers for all islamic general knowledge related exams preparation with ease. God has made zakat, a percentage of a muslims wealth after living expenses are covered, payable to those in need so that the weak are not left at the mercy of the strong. Provide the nonresident or the taxpayer with a certificate, stating the. It constitutes a portion of wealth prescribed by shariah to be paid to one or more of deserving recipients.
Zakat is mandatory for business activities that aim to earn money. Register with and pay to the dzit the amount withheld during the first 10 days of the month following the month of payment to the recipient. Primarily, zakat is an ibadah act of worship which allah has made compulsory on human being, to express gratitude to him and to obtain his nearness taqwa. Zakat is an obligatory alms given from the wealth of muslims and intended for the muslim poor and distressed, among others.
What is the abbreviation for department of zakat and income tax. Zakat is fixed as per the holy quran and cannot be changed by any person. Zakat in islam basic info quiz online questions and answers. Tax is a requirement from government on the individuals of a country regardless of their religion. On the contrary, the government has certain rules and regulations for fixing tax. A comparative study of zakah and modern taxation 27 heavily taxed, ii to redistribute labour, for instance to encourage labour to move from employments in one industry to other types of industry, and iii to reduce inequality of incomes. Difference between zakat and tax difference between. A person withholding tax under the new law is required to. Dzit abbreviation stands for department of zakat and income tax. Trade and business information and links to saudi arabia, arabian gulf and middle east area.
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