ZATCA Governor says completion of merger of Zakat and tax authority with Customs in Q1 2023

08/02/2023 Argaam
Suhail Abanmi, Governor of the Zakat, Tax and Customs Authority

Suhail Abanmi, Governor of the Zakat, Tax and Customs Authority


Suhail Abanmi, Governor of the Zakat, Tax and Customs Authority (ZATCA), revealed that the merger between the General Authority of Zakat and Tax and the General Authority of Customs will be completed by the end of Q1 2023.

 

The merger process has taken less than two years, which is a record time given the size of the two entities, Abanmi said at a panel discussion at Zakat, Tax and Customs Conference in Riyadh today, Feb. 8.

 

In May 2021, the Saudi Cabinet approved the merger of the General Authority of Zakat and Tax with the General Authority of Customs to form an umbrella unit named “Zakat, Tax and Customs Authority.”

 

The move was aimed at improving the security standards, ease of doing business and facilitate trade. In addition, it will simplify Zakat, tax and customs procedures for the business sector.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.