Tax (VAT, withholding, zakat)
VAT, withholding tax and zakat
- Withholding tax on payments to non-resident suppliersMark the non-resident supplier and the type of payment; the tax is worked out when you pay, then file the monthly return by the 10th.
- Work out zakat from your booksA zakat-base worksheet from the year-end balances, with your adjustments, then posting the zakat provision.