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 Determination
of Zakat Base : Presumptive Cases
Zakat base of some taxpayers may be determined under a presumptive method
in any of the following:
1- The taxpayer has no reliable accounts to determine the zakat base.
2- The Department has not accepted the taxpayer’s books due to essential
shortfalls in them.
3- The taxpayer has not filed return and accounts during the legally prescribed
dates.
Zakat base is determined as follows:
1. Operating Capital :
The operating capital may be determined using any method possible: DZIT
may refer to relevant documents to determine the operating capital, such
as the entity’s commercial register, the articles of association,
or any other documents, or it may resort to any means possible. If it becomes
evident that the operating capital is different from the declared/determined
capital, DZIT may change it to agree with the volume of activity, number
of capital cycles per year based on common practice of each type of activity.
2. Net profits :
Net profit will be determined to be not less than 15 percent of the taxpayer’s
annual gross receipts. Annual gross receipts will be based on documents
submitted by the taxpayer, on the basis of number of annual capital cycles,
or based on other indicators or information available at DZIT and derived
from different activities.
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Brief Information on DZIT
