04/06/2012
Members of the Shura Council yesterday stressed the importance of considering the inclusion of the Zakat collection on small investments by the foreign investors working in the Kingdom.
The Shura Council said that certain categories of foreigners who intend to invest in the Kingdom should pay the Zakat to be imposed on their investment activities. It demanded that this issue has needed to be considered by the Department of Zakat.
This Zakat may be considered for investments projects that are competing with similar small projects managed by the Saudis in the market, such as investing in restaurants and retail shops and workshops.
