Al-Qassim Investment Holding Company announces the latest developments regarding the Authority’s amendment of the company’s zakat returns for the years 2014 to 2018 AD and a request for additional payments.
| Element List | Explanation |
|---|---|
| Introduction | In addition to the previously announced receipt of letters of amendment to the zakat returns for the years 2014: 2018 AD, the company objected to these amendments, and the dispute was escalated to the General Secretariat of the Tax Committees
Al-Qassim Holding Company for Investment would like to announce that it has received a decision issued by the First Department to settle income tax violations and disputes in the city of Riyadh, accepting the formal appeal submitted by the Zakat, Tax and Customs Authority and not accepting the lawsuit filed against the Zakat, Tax and Customs Authority regarding the year 2018 AD, and according to the text of the decision, the company has the right Request to appeal the decision within thirty days from the day following the date of its receipt, and the company intends to appeal the decision within the statutory period |
| Previous Announcement | Previous letters received from the Zakat, Tax and Customs Authority amending the zakat returns for the years 2014 to 2018 and requesting the payment of additional amounts |
| Date of Previous Announcement on Tadawul's Website | 2020-09-28 Corresponding to 1442-02-11 |
| Percentage of fulfilled achievement | Not applicable |
| Event's Expected Completion Date | Not applicable |
| Reasons for Exceeding the Announced End Date | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | As mentioned in previous announcements |
| Impact of the Delay on the Company's Financial Results | N/A |
| Additional Information | Not applicable |
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