Question
Al Zamel Company, a Saudi company, is planning to implement new accounting system. The company signed a contract with ITEL Company which will provide consultation
Al Zamel Company, a Saudi company, is planning to implement new accounting system. The company signed a contract with ITEL Company which will provide consultation services related to the new system. I-TEL Co. is located in London, and it does not have any branch or agent in Saudi Arabia. Total amount due for the provided services during was SR 90,000. The amount must be paid in 1 November, 2017 Required: Calculate the withholding tax for the month of November? Comment when is the amount of the withholding tax must be paid to the General Authority of Zakat and Tax?
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