Zakat, Tax, and Customs Authority: A Pillar of Economic Development and National Security

Introduction

The Zakat, Tax, and Customs Authority (ZATCA) was established through a Council of Ministers decision to merge the General Authority of Zakat and Tax and the General Customs Authority. This strategic consolidation was aimed at enhancing efficiency and compliance in the collection of zakat, taxes, and customs duties. ZATCA's establishment marks a significant step towards streamlining these critical economic functions in accordance with global best practices.

This is a blog related to Company incorporation in Saudi Arabia.

Mission and Vision: A Comprehensive Approach

Vision: ZATCA aims to be a global role model in protecting the Kingdom, managing zakat, taxes, and customs, promoting trade effectively, and providing a seamless customer experience. This vision is not just aspirational but is grounded in actionable objectives that are central to the Kingdom’s economic and security strategies.

Mission: The Authority’s mission is to enable economic sustainability and prosperity in Saudi society through effective national security measures, trade facilitation, and strengthening of the zakat, tax, and customs systems. This mission underscores the Authority's commitment to supporting the Kingdom's economic goals while ensuring the security and well-being of its citizens.

Strategic Objectives

A Blueprint for Success ZATCA’s strategic objectives are designed to address the multifaceted aspects of its mandate. These objectives include:

Enforce National Security

Ensuring the Kingdom's security through stringent customs
controls and border protection measures.

Build an Effective and Efficient Organization

Streamlining operations and improving organizational effectiveness to better serve the public and business community.

Maximize Compliance

Encouraging taxpayer and customs compliance through clear regulations and robust enforcement mechanisms.

Enhance and Simplify Customer Experience

Providing a user-friendly experience for all stakeholders, including individuals and businesses, through simplified processes and effective
communication.

Support Economic Growth and Facilitate Trade

Promoting economic growth by facilitating trade and making the Kingdom a significant global logistics hub.

Strategic Enablers: Foundations of Transformation

To achieve its strategic objectives, ZATCA relies on several key enablers:

Integration and Cooperation with Partners

Building strong partnerships with local and international stakeholders to enhance operational effectiveness.

People Development

Investing in the development of human capital to ensure that the Authority has a skilled and motivated workforce.

Operational Excellence and Spending Efficiency

Focusing on operational excellence and cost efficiency to maximize the value delivered to the Kingdom.

Data and Analytics

Leveraging data and analytics to make informed decisions and improve operational outcomes.

Digitalization and Innovation

Embracing digital technologies and innovative solutions to streamline processes and enhance service delivery.

Zakat, Tax, and Duties Simplicity, Certainty, and Transparency

Ensuring that zakat, tax, and customs processes are simple, certain, and transparent, fostering trust and compliance.

Infrastructure and Facilities Development

Developing state-of-the-art infrastructure and facilities to support efficient and secure customs operations.

Conclusion

The Zakat, Tax, and Customs Authority is a cornerstone of Saudi Arabia’s economic and security strategy. By integrating zakat, tax, and customs functions into a single, efficient entity, ZATCA is well- positioned to enhance compliance, support economic growth, and safeguard national security. Through its strategic objectives and enablers, the Authority is not only promoting trade and facilitating economic development but also ensuring that these processes are seamless, transparent, and customer-centric. As ZATCA continues to evolve, it  remains committed to its mission of fostering economic sustainability and prosperity in the Kingdom.

Disclaimer

The opinions expressed in this blog are those of the respective authors. ATB Legal does not endorse these opinions. While we make every effort to ensure the factual accuracy of the information provided in our blogs, inaccuracies may occur due to changes in the legislative landscape or human errors. It is important to note that ATB Legal does not assume any responsibility for actions taken based on the information presented in these blogs. We strongly recommend verifying information from official sources and consulting with professional advisors to ensure its accuracy and relevance to your specific circumstances.

About ATB Legal

ATB Legal is a full-service legal consultancy in the UAE providing services in dispute resolution (DIFC Courts, ADGM Courts, mainland litigation management and Arbitrations), corporate and commercial matters, IP, business set up and UAE taxation. We also have a personal law department providing advice on marriage, divorce and wills & estate planning for expats.

Please feel free to reach out to us at office@atblegal.com for a non-obligatory initial consultation.

by Madhav Vinod Krishna

Madhav brings a wealth of knowledge in areas such as Contract Law, Company Law, and Commercial Law. Apart from legal pursuits, Madhav is a rock singer and mixed martial arts practitioner.

Leave a Reply

Your email address will not be published. Required fields are marked *

fifteen − 5 =

Copyright, Privacy Policy, Sitemap, Disclaimer