SZTAC 5/2020/IR;2018/1575/Z
In the case of the taxpayer writing off the commercial registers of the activities, there's no consideration of calculating profits on it as in its writing off a presumption of not achieving profits.
Background
It's on../../1441AH corresponding to .../.../ 2020AD the first appeals chamber for tax interventions and disputes held , formed by Saudi Arabia Royal Order No. 65474/1439 dated (23/12/1439 AH) based on paragraph b of the article sixty five of Income Tax LAW issued by Saudi Arabia Royal Decree No. M1/1425 Dated 15/1/1425 AH amended by Saudi Arabia Royal Decree No. M113/1438 dated 2/11/1438AH at its headquarters in Riyadh to consider the appeal submitted on 28/3/2019AD from institution.... C.R No... On the second appeals committee for tax interventions and disputes In Jeddah No 21 for the year of 1439AH on 2/9/1439AH issued in the lawsuit No (Z-1575-2018) filed by the appellant In Face of The General Authority for Zakat and Tax in which the first instance decision ruled summarized as follows:-
First: Acceptance the taxpayer's appeal/......institution/..... For owner ........ on the zakat assessment for the years of 1/5/1435AH to the years of 29/4/1437AH in form according to the decision's merits.
Second: In the matter: