Zakat, Tax, and Customs Authority More than SAR 664 Mn were utilized by the beneficiaries via “Zakaty” since its inception

ZATCA clarified that zakat amounts provided by Zakaty since its inception exceeded SAR 664 Mn as for now. Such zakat amounts are transferred through Zakaty Platform on smart phones stores or via the website (zakaty.gov.sa) and are directly transferred to the beneficiaries who are registered in the Social Insurance at the Ministry of Human Resources and Social Development.

ZATCA added that “Zakaty” service is available continuously to enable zakat payers to calculate and pay zakat through the safe and reliable methods of payment in the banks via SADAD, Apple Pay, MADA and other methods ensuring the quick and reliability of paying zakat to those who are eligible, with the possibility of selecting the eligible categories registered in the Social Insurance. The most prominent categories are represented in families most in need of housing, families of divorced women, families of prisoners and other eligible categories, confirming that service is supervised by specialists in Zakat jurisprudence and calculation.

“Zakaty” App is “voluntary” available for zakat payers to calculate the payable Zakat of various types. This Zakat includes funds, gold, silver, stocks, investment funds, lands, etc. with issuing an invoice for the transaction. In addition, it provides the function of Zakat date reminders, and calculates gold Zakat as per its purity through a specific logarithm, as Zakaty is daily connected to the global rates of gold and silver.​

For any further assistance and information in this regard and to integrate ERP/POS systems with ZATCA (Zakat, Tax, and Customs Authority) in a seamless manner, you may contact Al Mawasil.

SOURCE: From Zatca News Apr 5, 2024
LINK: https://zatca.gov.sa/en/MediaCenter/News/Pages/news_1225.aspx