Description
Instructions – PLEASE READ THEM CAREFULLY
• The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
• All answers must be typed usingTimes New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
• Submissions without this cover page will NOT be accepted.
Assignment (1)
Deadline: 1 /3/2025 @ 23:59
Course Name: TAX AND ZAKAT
Student’s Name:
ACCOUNTING
Course Code: ACCT 422
Student’s ID Number:
Semester: Second Semester
CRN: 27170
Academic Year: 1446 H
For Instructor’s Use only
Instructor’s Name: Dr. Salah Oraby
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
•
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
•
Assignments submitted through email will not be accepted.
•
Students are advised to make their work clear and well presented, marks may be reduced for
poor presentation. This includes filling your information on the cover page.
•
Students must mention question number clearly in their answer.
•
Late submission will NOT be accepted.
•
Avoid plagiarism, the work should be in your own words, copying from students or other
resources without proper referencing will result in ZERO marks. No exceptions.
•
All answers must be typed using Times New Roman (size 12, double-spaced) font. No
pictures containing text will be accepted and will be considered plagiarism.
•
Submissions without this cover page will NOT be accepted.
1
College of Administration and Finance Sciences
Assignment Question(s):
(Marks 15)
Q1. According to Article 2 paragraph (d), a non-resident without a permanent establishment
with other taxable income from sources within the Kingdom is subject to a special kind
of income tax that is Withholding Tax. Discuss this type of income tax in light of Article
68 of the income tax law in Saudi Arabia explaining the definition, tax rates and the
methods of collections.
Answer (5.0 Marks)
AQ2. According to Article No. 20 of income tax law in Saudi Arabia, Explain the tax treatment
of Contributions to Pension Funds
Answer: (2.5 Marks)
2
College of Administration and Finance Sciences
Q3. According to article No. 10 of the executive regulations for income tax law in the kingdom,
explain the Nondeductible Expenses
Answer: (5.0 Marks)
Q4. According to Article 7 of
the executive regulations for income tax law in the kingdom,
Exempted Income
Answer (2.5 Marks)
3
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