SZTAC 101/2020/IAR ;2018/1774/Z

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This case was an appeal on the zakat base calculation. Issues included whether differences in import values should be taken into account, a fixed asset difference on a land value and if currency exchange differences should be treated as a loss and an expense.

Background

An objection of a taxpayer on zakat determining for the years from 01/05/2008 AD until 30/04/2011 AD was accepted in form.

Second: On the merits:

  1. The Committee supported in the Committee in adding import differences for the years from 01/05/2008 to 30/04/2011, to the Zakat base of the taxpayer, according to the terms of the decision.

  2. It supported the Authority's decision not to respond to the request of the taxpayer to resolve the value of the fixed assets for the year 2009 from its Zakat base, according to the grounds of the decision.

  3. It supporting the Authority in not responding to the taxpayer's request to consider the differences in the translation of foreign currencies for 2009, as an expense that may be deducted from its Zakat base, in accordance with the merits of the decision.

This decision was not accepted by) ....), who submitted to the Chamber an appeal list that included the following