Al-Marsad newspaper: Jabal Omar Development Company announced that it had received a notification from the Zakat, Tax and Customs Authority to implement the decision of the Appeal Committee for Zakat and Tax Violations and Disputes for the years from 1434 AH to 1440 AH, with an amount of 357 million riyals.
The company said that, according to the rules and regulations of the General Secretariat of the Zakat, Tax and Customs Committees, it will submit a petition request to the Appeal Committee to reconsider the decision, and any material developments in this regard will be announced.
It indicated that it had recorded in its financial statements ending on September 30, 2022 a zakat provision for the aforementioned years, at a value of 133 million riyals.
