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BLOCKCHAIN APPLICATION AND THEIR TAX TREATMENT IN THE KINGDOME OF Saudi Arabia – PROBLEM AND SULOTIONS (PROPOSED FRAMEWORK)

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Last updated: 24 Dec 2024

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Abstract

Following the vision of Saudi Arabia 2030 changing to a digitalized government and organization. This study aims to determine the tax problems related to block chain technology in Ministry of Zakat and TAX at Saudi Arabia, and they recommended the solution. It's considers one of the first studies that present the advantages and disadvantages of applying blackchin technology in Saudi Arabia for the Ministry of Zakat and Tax. In addition, this study present the problem that could be caused by applying block-chain and it tries to solve it by proposing a framework for better application. The study uses a survey method to collect information from the Ministry of Zakat and Tax. The result confirms the hypotheses that “Blockchain technology and its applications create tax problems". Further, the study suggest a framework to solve this problem, and it add some recommendation for future references some of them to develop new accounting and auditing stander to provide clear understanding for the measurement. In addition to train, the related party to deal with block-chain activity.

DOI

10.21608/sjar.2022.248300

Keywords

Zakat and tax, Blockchain, Saudi Arabia, tax treatment

Authors

First Name

هدى

Last Name

ابراهيم السيد

MiddleName

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Affiliation

استاذ مساعد في جامعة الملک خالد

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First Name

سلوى

Last Name

حسين رشدى اسماعيل

MiddleName

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Affiliation

استاذ مساعد بکلية الاعمال جامعة الملک خالد مدرس بقسم المحاسبة کلية التجارة ( بنات ) جامعة الازهر باسيوط

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Volume

4

Article Issue

2

Related Issue

35497

Issue Date

2022-04-01

Receive Date

2022-04-01

Publish Date

2022-04-01

Page Start

76

Page End

108

Print ISSN

2636 -3739

Online ISSN

2636-3747

Link

https://sjar.journals.ekb.eg/article_248300.html

Detail API

https://sjar.journals.ekb.eg/service?article_code=248300

Order

2

Type

المقالة الأصلية

Type Code

987

Publication Type

Journal

Publication Title

المجلة العلمية للدراسات المحاسبية

Publication Link

https://sjar.journals.ekb.eg/

MainTitle

BLOCKCHAIN APPLICATION AND THEIR TAX TREATMENT IN THE KINGDOME OF Saudi Arabia – PROBLEM AND SULOTIONS (PROPOSED FRAMEWORK)

Details

Type

Article

Created At

22 Jan 2023