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Saudi introduces new regulatory amendments to improve zakat collection

Saudi introduces new regulatory amendments to improve zakat collection

The government will assume the zakat liability on state-issued debt instrument

Saudi General Authority of Zakat and Tax has introduced new regulatory amendments to improve zakat collection, the authority said in a statement released by the government communication office on Friday.

The authority said the government will assume the zakat liability on government-issued debt instruments to encourage the local debt market.

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