Thimar Development Holding Company announces the completion of the Zakat examination by the Zakat, tax and Customs Authority for the years 2019, 2020, 2021 and 2022
| Element List | Explanation |
|---|---|
| Announcement Detail | Reference to the examination of the Zakat company's declarations by the Zakat, tax and Customs Authority for the years 2019, 2020, 2021, 2022, which took more than thirty months, starting on 22-01-2023 ad and ending on 14-08-2025 ad .The initial assessment was issued by the authority by instructing the company to increase the value of the previously filed Zakat declarations by SAR 4,755,837 (details are attached) due to the lack of supporting documents and evidence due to their loss - During this period, the company has made several efforts to prove the validity of the company's previously filed statements and cancel the above-mentioned increase in the valuation result, including: |
1. Numerous meetings with the Zakat authority to change the search result with the information that supports the company's position
2. Review the banks ' statements for the four years and search for the amounts that have an impact on the result and search for any document that supports the company's position, whether directly or indirectly.
3. Communicate with suppliers and obtain statements of accounts, billing documents, photos of payments and matches that report the status of the inspection, especially for the years 2019 and 2020. The final result of the inspection work: the authority approved what was filed by the company and did not make any amendments to the previously filed Zakat declarations, and therefore the amount of the increase received by the authority's initial assessment of (4,755,837) riyals, which the company would have incurred as a loss, was canceled. The company assures its valued shareholders that it will spare no effort and will not hesitate to do any work, no matter how it would achieve progress, success and prosperity of the company . - Financial impact to avoid loading the company with losses in the amount of (4,755,837) riyals.
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