Real Estate
Zakat on Real Estate Assets (Saudi Arabia)
Accruing Zakat on property development inventory and real estate assets held by a KSA company.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Zakat Expense | Expense (+) | 25,000.00 | - |
| Zakat Payable (ZATCA) | Liability (+) | - | 25,000.00 |
💡 Accountant's Note
In Saudi Arabia, property development companies must pay Zakat on their Zakatable base, which includes land inventory and work-in-progress. Investment properties held long-term may be exempt.
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