State to Boost Zakat Revenue
Monday, September 11, 2000
Muslim taxpayers may now deduct the sum of their zakat (obligatory religious alms) from their overall taxes due to the state. The government is set to regulate this new tax arrangement.
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The Islamic economic system has finally gained a foothold in the fiscal affairs of the state. The zakat or religious tax, one of Islam’s fiscal instruments, is now regulated under Law No. 38/1999. In the past, the collection and disbursement of zakat was spelled out only in a regulation of the minister of religious affairs. Under the new law, Muslim taxpayers may deduct the amount of zakat paid out from the sum of the tax due. Law No. 17
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