RIYADH: Zain Saudi will appeal an order from Saudi Arabia’s Department of Zakat and Income Tax for extra payments worth 619 million riyals ($165.1 million) for the years 2009-2011, the kingdom’s number three telecommunications operator said.
The payments, consisting of 352 million riyals of zakat and 267 million riyals of withholding tax, would be appealed within the 60-day period allowed, Zain Saudi said in a bourse filing.
Zain Saudi added there was no need for any provisions, based on advice from its advisers and auditors.
Zakat is a charitable contribution which is mandatory for all Muslims to pay.
