The event was organized by the college’s Accountancy Club.
Abdul-Aal Abu-Khashabah, dean of the Faculty of Accountancy, in his keynote speech emphasized the importance of the subject of tax and Zakat accountancy.
He also thanked Desin for his visit and initiative to discuss Saudi tax and Zakat practical issues with university students.
Abdullah Qasim Yamani, senior professor and head of Tax and Zakat Department at the University, highlighted Desin's experience and educational background.
In his presentation, Desin gave an update of Saudi Arabian tax and Zakat regulations, as well as statutory requirements for foreign investment.
In 2004, he said, Saudi Arabia promulgated new tax regulations that superseded the old tax regulations issued in 1950.
Desin also highlighted significance of double tax avoidance treaties signed by Saudi Arabia.
The Kingdom of Saudi Arabia has signed 30 such treaties with several friendly countries to attract more foreign investments.
Zakat regulations are applicable to Saudi and GCC-owned companies formed in Saudi Arabia, Desin maintained.
At the end of the lecture, Abdullah Qasim Yamani thanked Desin, and Nabil Subuh, chairman, Accounting Club, presented a memento to Desin.
