VAT amount being included when calculating zakaat
Submitted by user2 on Sat, 2023-12-23 07:32
Q: With regards to the valuation of stock for zakaat purposes, I'm aware that we value it at market value. However in that market value is it excluding or including VAT.
A: Whatever is the price that the common person generally pays for the item in the market, one will pay 2.5% zakaat on that entire value (i.e. the value inclusive of the VAT amount).
And Allah Ta'ala (الله تعالى) knows best.
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