Are you looking for financial and administrative consulting services that will help you achieve success in your business? If the answer is yes, we invite you to learn about our distinguished services in the field of zakat and tax, as they are two essential elements in the financial system in the Kingdom, and require accurate knowledge and correct application to avoid financial and legal problems.
Let us help you achieve tax compliance, submit correct zakat returns, and reconcile financial interest with Islamic values.
Submitting zakat declarations in accordance with the provisions of Sharia
By this we mean providing periodic reports showing the financial value of Zakat that must be paid based on assets and income in accordance with the provisions of Islamic Sharia.
Zakat is one of the pillars of Islam and has been imposed on individuals and institutions to give away a portion of their wealth to the needy and poor.
The person or institution must accurately calculate the zakat due and submit a declaration specifying the financial value of the zakat and details of banks and assets.
This includes providing details of cash, investments, real estate, and other funds eligible for zakat.
Zakat declarations are important matters that every Muslim must adhere to in accordance with the provisions of Islamic Sharia. However, submitting these declarations requires extensive knowledge of financial and administrative laws, and this represents a great challenge for many individuals and companies.
Here comes the role of Elite Accountants, as we provide customized financial and administrative solutions to facilitate the process of submitting zakat declarations, ensuring excellence in business management.
Our team of accounting experts has the experience and knowledge necessary to provide professional and reliable services in analyzing and submitting returns, in full compliance with the provisions of Islamic Sharia.
We aim to reduce the burden of financial procedures on our clients, and enable them to achieve their goals with confidence and consistency. By choosing Elite Accountants, you will receive distinguished and integrated services that guarantee the submission of zakat declarations in accordance with the provisions of Islamic Sharia in an accurate and professional manner.
Submitting income tax returns
Submitting the tax documents and information required by the tax authority to determine the tax level of a specific person or organization.
This relates to compliance with local tax laws and regulations, as individuals and organizations must submit specific financial reports regularly.
The tax filing process includes providing details about gross income, expenses, investments, gains, and any other tax activities. This data is used to calculate the final tax amount that must be paid or refunded.
Submitting tax returns contributes to achieving financial transparency and ensuring compliance with tax legislation.
It is a vital and necessary measure for any company seeking to manage its business efficiently and achieve sustainable growth.
However, this procedure may be very cumbersome and complex for many companies, especially small and medium-sized ones.
Therefore, Elite Accountants’ services come as a wise move for companies seeking financial and administrative solutions tailored to their unique needs.
We understand the importance of tax returns and always look forward to providing our services with a high level of professionalism and skill.
We ensure excellence in business management by providing customized financial and administrative solutions that suit the needs of each client.
Relying on elite accountants gives you reassurance and confidence in submitting income tax returns accurately and on time, which helps you achieve success and sustainable growth for your company.
Submit a value added tax return
The return represents the submission of an official report to the tax authorities about business activities subject to value added tax (VAT).
This return is filed regularly, usually quarterly or annually, and is required by individuals or companies to ensure compliance with tax legislation.
The VAT return includes providing details about taxable sales and value-added purchases, and also includes calculating the tax due or refunded.
This declaration is an important part of the financial organization and tax compliance process.
Submitting a VAT return is a vital process for every company operating in the Arab market, and certainly, compliance with tax requirements is important for achieving financial stability and sustainable growth.
Therefore, Elite Accountants provides specialized financial and administrative solutions to ensure excellence in business management for our valued clients.
We facilitate the tax return filing process and ensure deadlines are met and compliance with current tax laws and regulations.
We also provide specialized financial consultations to help you determine the most effective tax strategies to preserve your capital and achieve the best returns.
Submitting withholding tax returns
Filing withholding tax returns is an essential part of running a successful business.
However, this complex process may cause a lot of stress and challenges for companies.
Therefore, “Elite Accountants” provides customized financial and administrative solutions to ensure excellence in business management.
We guarantee that withholding tax returns are submitted accurately and professionally, creating a reliable and stable environment for your business. We have a team of highly trained accountants, who have extensive experience in the field of taxation and accounting.
By relying on Elite Accountants, you will be fully confident that your withholding tax returns will be completed accurately and efficiently, giving you the opportunity to focus on growing your business and achieving your financial goals with confidence.
Zakat and tax objections
Zakat and tax objections represent a legal process that individuals or companies can undertake to appeal or protest against the tax or zakat decisions that have been taken against them.
Tax objections:
Refers to an action taken by a person or company when they disagree with a tax decision made by the tax authority.
Reason for objection: The objection could be due to the calculated tax value, or to the tax classification, or any other reason