Almadar Tax, Zakat & Risk Advisory in Riyadh
Zakat calculation, VAT compliance, ZATCA registration and enterprise risk frameworks prepared with regulatory inquiry in mind.
What Tax, Zakat & Risk Advisory covers
Zakat and tax compliance in Riyadh carries financial consequences when handled reactively: penalties, mandatory disclosures and cash flow disruption from unexpected assessments. The risk compounds for companies operating across multiple entities or sectors with different Zakat treatment.
This practice covers the full compliance and risk spectrum: Zakat base calculation, VAT registration and filing, ZATCA correspondence and audit support, and the broader enterprise risk and internal audit frameworks that aim to catch problems before a regulator does.
The regulatory environment itself keeps moving too. ZATCA has expanded e-invoicing requirements in phases, VAT enforcement has become more systematic, and Zakat assessment increasingly relies on data ZATCA can cross-reference automatically rather than solely on what a company discloses. A compliance approach that was adequate three years ago isn't automatically adequate today, which is why this needs to be a monitored, ongoing relationship rather than a service purchased once and left unrevisited.
Sector adds another dimension that a generic compliance approach misses. A trading company's Zakat exposure concentrates in inventory valuation, a services business's in receivables and deferred revenue, and an industrial company's fixed asset base raises its own calculation questions. Each needs sector knowledge, not a one-size-fits-all method.
We pay particular attention to documenting the calculation decisions themselves, not just the final result. A company that can explain its method is better placed to answer ZATCA queries.
Tax, Zakat & Risk Advisory
- Internal Audit Outsourcing
- Risk Register Development
- Internal Control Framework Design
- Internal Control over Financial Reporting (ICFR)
- Risk Control Matrix (RCM) Development
- Business Continuity Management
- Cyber & Digital Risk Advisory
- IT General Controls (ITGC) Review
- Regulatory Compliance Advisory
- Statutory Filings Support
- Internal Control Reviews
- Policies & Procedures Development
- Delegation of Authority Framework
- Enterprise Risk Management
- Risk Assessments
- Risk Appetite Framework
- Crisis Management Advisory
- Sustainability Governance
- Responsible Business Practices Advisory
How we work with clients in this practice
We treat Zakat and tax compliance as a year-round discipline, not an annual filing exercise. Waiting until a return is due to reconstruct a company's Zakat base from scratch each year is exactly how errors and missed deductions happen.
For risk and internal audit work, we build frameworks that reflect your actual operational risks, not a generic checklist copied from an unrelated industry, since a framework nobody engages with provides no more protection than having none at all.
This practice serves companies at different stages: a business registering for VAT and Zakat for the first time, an established company facing its first ZATCA audit or inquiry. It also serves groups with multiple entities where Zakat treatment differs by activity and needs to be calculated and consolidated correctly across the structure. Industrial and trading companies in particular often carry more complex Zakat bases given inventory and fixed asset treatment, which is exactly where calculation errors tend to concentrate.
Questions about Tax, Zakat & Risk Advisory
How is Zakat calculated differently from income tax?
Zakat is calculated on the Zakat base, broadly a company's net worth for Zakat purposes, rather than net income. That means the calculation methodology and common errors differ from income tax preparation.
What happens if we've made errors in past Zakat filings?
This is addressable through voluntary disclosure processes with ZATCA, which generally produce better outcomes than errors surfacing during an audit. We can review historical filings to identify and correct any exposure.
Do you handle ZATCA audits directly?
Yes, we support clients through ZATCA correspondence and audit processes directly, since handling these processes without prior experience of them can cost considerable time.
How often should our Zakat and VAT compliance be reviewed?
At minimum annually alongside your filing cycle. A further review whenever the business changes meaningfully (a new entity, a new activity, a significant transaction) catches issues before they compound rather than after the next assessment surfaces them.
Can you build our internal audit function from scratch if we don't have one?
Yes, this is a common starting point for growing companies, building a risk-based internal audit approach sized to your actual operations rather than a heavyweight framework designed for a much larger organization.