المملكة: 15 days to decide and an opportunity for Al -Mashta

The Saudi Authority for Auditors and Accountants has launched a project to amend the rules regulating zakat accounting and tax services for public discussion through the “poll” platform of the National Center for Competitiveness.
This step comes with the aim of strengthening the institutional organization of the profession and raising the efficiency of the practices associated with it, especially in light of the transfer of the issuance of licenses to carry out these services from the Ministry of Commerce to the authority.
The commission indicated that this transition in the jurisdiction is based on Royal Decree No. “M/169” issued on 10 Shaaban 1446 AH, and Cabinet Resolution No. 571 of 5 Shaaban 1446 AH.

Grant the necessary licenses for services

According to the proposed amendments, the Saudi Authority for Re auditor and Accountants will become the only authority authorized to grant the licenses necessary to practice zakat accounting and tax accounting services, according to what will be determined by new rules and regulatory controls.
The authority indicated that it will consider the applications submitted by those wishing to obtain the license, provided that it meets all the required data and attachments, in addition to paying the financial compensation for the license, which will be determined by the board of directors of the authority or whoever delegates it.
With regard to the mechanism for dealing with requests, the authority confirmed in the draft amendments its commitment to decide on the license application within a period not exceeding fifteen working days from the date of completion of the application in all its documents.

Technical and administrative review

In a move to ensure transparency and provide fairness of fairness, the project stipulated that in the event of rejecting the request, its provider has the right to grievance from the authority’s decision before the competent court.
The authority added that all requests will be subject to the necessary technical and administrative review before taking a decision to grant the license or reject it, while emphasizing that the admission criteria will continue to be based on professional competence and adhere to the regular requirements.
Among the most prominent provisions dealt with by the amendment project is to provide the opportunity to re -license for those who have been removed previously, according to what is stipulated in the regulatory rules.
According to the proposal, the licensee who has been removed from the license can submit an application for the re -license after three years have passed from the date of the evolution of the decision to delete.
The authority stated that requests for re -licensing will be dealt with the same conditions and procedures used to issue new licenses, provided that the board of directors of the authority or whoever delegates it will decide on these requests.
The commission considered that this organization gives flexibility to professionals who have lost their licenses for any reason, and reflects a trend towards giving them the opportunity to re -merge into the professional labor market according to codified controls that guarantee the quality of the services provided.