SZTAC 135/2020/IAR;2018/1587/Z
The established principle is that looking at the amount of additional investment made by the investing company to the investee company must be deducted from the zakat base of the invested company whenever it is proven that it represents ownership rights, and when it is counted within the zakat base of the investee company that submits its declarations with the Authority, because that treatment of its amount It is achieved by avoiding the performance of zakat.
Background
On Wednesday 10/04/1442 AH corresponding to 25/11/2020 AD, First Appeals Chamber for Income Tax Interventions and Disputes formed pursuant to Saudi Arabia Royal Order No. 65474/1439 dated 23/12/1439 AH based on Paragraph (b) of Article 67 of the Law Income tax issued by Saudi Arabia Royal Decree No. M1/1425 dated 15/10/1425 AH and amended by Saudi Arabia Royal Decree No. M113/1438 dated 20/11/1438 AH, at its headquarters in the city of Riyadh.