Saudi Arabia Zakat Calculator 2021
Calculate Zakat Liability (2.5%) on Zakatable Wealth
Introduction
🎯 What
Calculates Zakat payable by Saudi and GCC-owned businesses based on Zakat base as per ZATCA rules.
👥 Who
Saudi-owned companies, GCC-owned entities, Business owners, Accountants, and Finance teams.
💡 Why
To estimate Zakat liability accurately and comply with Saudi Zakat regulations.
💰 Zakatable Assets
➖ Deductions
Personal property, non-productive assets
📊 Zakat Summary
Calculation Breakdown
Zakat Rate & Slab Explanation 2021
Standard Zakat Rate
2.5% (Fixed rate on Zakat Base)
No multiple slabs - Single flat rate applied annually
Formula: Zakat Payable = Zakat Base × 2.5%
Allowances & Deductions
Exempt assets as per ZATCA (fixed assets, long-term investments)
- Accounts Payable deductible
- Short-term liabilities deductible
- If Zakat Base ≤ 0 → Zakat Payable = 0
Calculation Examples
Example 1: Business with Assets
Cash: SAR 200,000 | Receivables: SAR 150,000 | Inventory: SAR 250,000 | Liabilities: SAR
100,000
Zakat Base = (200,000 + 150,000 + 250,000) − 100,000 = 500,000
Zakat Payable = 500,000 × 2.5% = SAR 12,500
Example 2: Business with Negative Zakat Base
Total Assets: SAR 300,000 | Exempt Assets: SAR 50,000 | Liabilities: SAR 260,000
Zakat Base = (300,000 − 50,000) − 260,000 = −10,000
Zakat Payable = SAR 0 (Base is negative)
Frequently Asked Questions
Q: Who pays Zakat in Saudi Arabia?
A: Saudi and GCC-owned businesses.
Q: What is the Zakat rate in 2021?
A: Fixed 2.5%.
Q: Is profit used directly?
A: No, Zakat is based on Zakat Base (zakatable assets minus liabilities).
Q: What are zakatable assets?
A: Cash, receivables, inventory, short-term investments, and other current assets.
Q: Is this calculator official?
A: No, it is for estimation only.
Disclaimer: This Saudi Arabia Zakat Calculator 2021 is for informational purposes only. Rules are based on ZATCA Zakat Regulations 2021. Actual Zakat may vary based on assessments by ZATCA. ANTIGRAVITY is not responsible for legal or financial decisions.