Article 5 of the Saudi ZATCA Statute

This article shows the role of the Authority's Board. The Board is responsible for supervising the management of the Authority's affairs and conducting its business, and makes the decisions needed to achieve its objectives within the limits of the Statute.

Among its competences in particular:

• Policies and legislation: approving general policies, plans and programs, and proposing draft laws or amendments.
• Regulations and structure: approving the administrative, financial, internal and technical regulations, with the administrative ones approved in agreement with the Ministry of Human Resources and Social Development, and the financial ones and provisions with a financial effect in agreement with the Ministry of Finance; approving the organizational structure, and approving the setting up of branches and offices.
• Finance: adopting the annual budget and submitting a copy of it to the Prime Minister, approving the final account, the annual report and the auditor's report, appointing an external auditor, determining how the Authority's funds and assets are invested, and accepting gifts, donations, bequests and endowments.
• Services: setting the fees for the services the Authority provides.
• The Sharia Committee: making work rules for the Sharia Committee provided for in Article 8, including organizing its meetings and the mechanism for issuing its decisions.
• Others: considering periodic reports, approving agreements and contracts, and approving the setting up of subsidiary companies.

The Sharia Committee, according to Article 8, is a committee of no fewer than five members specialized in the jurisprudence of financial transactions, zakat accounting and the laws, which prepares studies and reviews draft laws and regulations in the field of zakat and addresses problems in its collection. The Board makes its work rules, while its members are named by order of the Prime Minister on the Minister's proposal.

Committees and delegation: the Board may form permanent or temporary committees, and delegate some of its competences to the Chairman, its members or the Authority's staff.