SZTAC 60/2021/IR;2018/1488/ZI

Zakat is mandatory on Zakat funds, which are reached through the elements of the Zakat base, of which the elements of property rights are one of its pillars, whether by adding positive elements or subtracting negative elements.

Background

First: To admit in form the objection submitted by the taxpayer/ ……………. .

Second: On merits:

To dismiss the taxpayer's objection to the depreciation difference added to the adjusted profit.
To dismiss the taxpayer's objection to the life insurance expense item.
To dismiss the taxpayer's objection to the surcharged social security item.
To dismiss the taxpayer's objection to the initial offering expenses from the adjusted profit.
To dismiss the taxpayer's objection to the statutory deposit item.
To resolve the dispute in the item of investment in Najm Company.

The decision was not accepted by the taxpayer (…. Company), and it submitted a memorandum of appeal to the Appeals Chamber including the following in summary: