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GACO

22 October, 2024 15:43

Al-Gassim Investment Holding Co. announces that it has received letters from The General Authority of Zakat, Tax and Customs Return amendment for the years 2021, 2022 AD, and to demand additional payments.

Element ListExplanation
Announcement Detail Al-Gassim Investment Holding Co. announces that it has received letters from The General Authority of Zakat, Tax and Customs to amend Zakat Returns submitted for the years 2021 and 2022 AD, and to claim to pay zakat differences for those years with a total amount of 6.39 Million Riyals, note that the company submitted Zakat Return and has paid zakat for those years according to the consultants' and the external auditors' mechanism of calculating Zakat accounts . It is noteworthy that according to those letters, the company is entitled to object to those amendments within the statutory period (sixty days) from the date of receiving those letters. Accordingly, the company intends to raise the objections list through its zakat advisor on these amendments during the statutory period, Note that the company has made a provision amounting to 5,487 million riyals until September 30, 2024, to meet the differences for the aforementioned years.

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