1Second Edition | April 2020

Other Statutory Considerations and Requirements 1. The Zakat payer in respect of whom a decision of exemption from Zakat collection has been issued shall remain subject to the other provisions contained in the Implementing Regulations for Zakat Collection and any amendments thereto. 2. If it is established to ZATCA that a Zakat payer in respect of whom a decision of exemption from Zakat collection has been issued has provided incorrect information or has failed to comply with the provisions of the Regulations, ZATCA shall have the right to revoke the decision of exemption from Zakat collection and reassess the Zakat payer based on the information available to it, in accordance with Article 8 of the Regulations. 3. In the event that the Zakat payer issues a certificate from a certified public accountant, it shall be in accordance with the form approved by ZATCA and referred to in the Annex to this Guideline(6). 4. The conditions of exemption shall apply without prejudice to the provisions contained in the Companies Law, its Implementing Regulations, and other related laws in force in the Kingdom of Saudi Arabia, and any amendments thereto. (6)  Annex: Model Certificates of the Certified Public Accountant Annex 1: Certified Public Accountant Forms 1. Form for Expenditure on a Designated Beneficiary (Zakat payer Owned by an Endowment) Notice Completion of this form is the responsibility of the certified public accountant, and due care must be exercised when completing it. The certified public accountant undertakes the accuracy of the information contained in this form and the other attachments and shall bear full responsibility in the event it is established otherwise, in accordance with the relevant laws. 1. akat payer Information Item Required Information a Name of the Zakat payer b Zakat payer’s unique number c Date of submission of the request d Fiscal year for which exemption from Zakat is requested e Type of fiscal year (short, long, regular) (Hijri, Gregorian) f Whether the applicant is among the major Zakat payers 2. Certified Public Accountant Information Item Required Information a Name b Telephone number c Email address d License number e Name of the contact officer f Job title g Telephone number h Email address 3. Checklist for Submitting a Certified Public Accountant Report to Determine the Percentage of Expenditure on a Specific Purpose for Endowments No. Requirement in the Regulations Yes No Explanations - if any - Has an exemption already been granted to the endowment for the fiscal year cited in this request? Is the Zakat payer wholly owned by the endowment for the entire year in question? Does the expenditure on a specific purpose not exceed (10%) of the yield of the endowment? Does the calculation of expenditure on a specific purpose include all amounts spent on the founder, his descendants, or any designated person, or any person described in a way that falls outside the general descriptions of charity, or entities related to the endowment? Has the yield of the endowment included all the endowment’s annual revenues, including returns on assets, income and profits of investments and companies, donations, and the like? If the endowment deed requires spending on a specific purpose, has the percentage spent on that purpose been verified by the endowment’s audited financial statements or by a report from a certified public accountant licensed in the Kingdom? In cases where more than one endowment participates in ownership of the Zakat payer, has the percentage of expenditure on a specific purpose been calculated proportionally among these endowments?