Anaam announces SAR 33 mln financial impact on ZATCA claims objections acceptance

Logo of Anaam International Holding Group

Anaam International Holding Group announced that the positive financial impact resulting from the decision of the Committee for the Resolution of Tax Violations and Disputes on accepting some of the company's objections reaches nearly SAR 33 million, according to a bourse statement.

The Tadawul-listed firm added that it will object to the entire amount of assessment received from the Zakat, Tax and Customs Authority (ZATCA).

In February 2018, Anaam was asked by ZATCA to pay SAR 106.9 million in Zakat arrears and differentials for 1995-2011 and withholding tax of SAR 138,937 for 2007 and 2010.

The company announced, on June 27, that the Committee for the Resolution of Tax Violations and Disputes decided to accept and reject some of its objections, with the possibility of requesting an appeal within 30 days, according to data compiled by Argaam.