Zakat, Tax, and Customs Conference 2024: Reinforcing Compliance for a Strong Economy
Get ready for the Zakat, Tax, and Customs Conference 2024, set to take place on December 4-5 in Riyadh. This conference is not just another event – it’s a pivotal platform that will drive home the importance of zakat, tax, and customs compliance in Saudi Arabia through engaging panel discussions and workshops.
Zakat, tax, and customs compliance are the building blocks of a sustainable and balanced economy. The Zakat, Tax and Customs Authority (ZATCA) is on a mission to emphasize the crucial role of compliance in fostering fair competition and nurturing a healthy economic environment through the conference’s discussions and workshops.
By encouraging compliance among investors, traders, and entrepreneurs, Saudi Arabia is paving the way for economic expansion that aligns with the goals of Saudi Vision 2030 for a diversified and attractive economy. ZATCA offers over 130 guidelines to educate taxpayers, providing detailed explanations of zakat, tax, and customs terms to ensure clarity and understanding.
At the core of the conference are key topics such as tax registration mechanisms and return submissions. Workshops will walk participants through the registration process and showcase efficient filing practices to promote transparency and simplify compliance.
One of the highlights of the conference is e-invoicing, a modern solution that streamlines accounting and tax filing processes, making compliance efforts even more achievable.
Ensuring tax compliance is essential for creating a level playing field in the economic landscape, boosting local and international investor confidence, and fostering a stable business environment. Clear and transparent tax laws provide foreign investors with the assurance they need to invest in Saudi Arabia’s growing economy, strengthening their confidence in the market.
Under the patronage of the Minister of Finance and Chairman of ZATCA’s Board, Mohammed bin Abdullah Al-Jadaan, the conference will bring together a distinguished lineup of officials and experts. Together, they will explore innovative solutions and address current and future challenges in zakat, tax, and customs, offering stakeholders an interactive platform to shape the future of economic sustainability.
