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RIYADH: The Ministry of Labor and Social Development on Thursday said it has entered into an information-sharing agreement with the General Authority for Zakat and Income Tax (GAZT).
The agreement 鈥渁ims to enhance cooperation between the two entities, as well as implement a suitable mechanism that allows them to obtain data they need in order to efficiently carry out their tasks,鈥� the ministry said.
The agreement includes information exchanges in the fields of data verification, follow-up and updating, it said.
This will avoid mistakes in data entry and assist in the launch of facilities and e-services, it added.
The ministry said the agreement reflects its keenness, and that of the GAZT, to raise awareness about the need for establishments to submit Zakat and income statements in order to avoid penalties.
The signing ceremony was led by Deputy Minister of Labor and Social Development Ahmed Al-Humaidan, and GAZT Gov. Suhail Abanmi.