Is VAT deductible from my Zakat calculation?
A: On one’s Zakat anniversary, the cash received as VAT payments will not include as a Zakatable asset as the VAT is owed to HMRC.
And Allah knows best!
Reviewed on 30/11/2021
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A: On one’s Zakat anniversary, the cash received as VAT payments will not include as a Zakatable asset as the VAT is owed to HMRC.
And Allah knows best!
Reviewed on 30/11/2021