Zakat Foundation™ is a global charity organization that provides humanitarian aid and assistance to those in need. With its headquarters based in Chicago, USA, Zakat Foundation™ has established a strong presence in many countries across the world, including Sudan. In Sudan, Zakat Foundation™ is a registered charity organization that provides various services to the people in need, including food, water, shelter, healthcare, education, and livelihood support.
As a registered charity organization, Zakat Foundation™ Sudan has complied with all the legal and financial requirements set forth by the Sudanese government. The organization has submitted all the necessary documents to the relevant authorities and has been granted legal status to operate in the country. Some of the key legal and financial documents that Zakat Foundation™ Sudan has submitted to the authorities are discussed below.
Registration Documents:
To operate legally in Sudan, Zakat Foundation™ Sudan had to submit its registration documents to the relevant authorities. These documents include the organization's articles of association, certificate of registration, and other relevant documents. The articles of association outline the purpose, objectives, and structure of the organization. The certificate of registration confirms that the organization has been registered with the Sudanese government and has been granted legal status to operate in the country.
Tax Registration:
As a charity organization, Zakat Foundation™ Sudan is exempt from paying taxes on its income. However, the organization still had to register with the tax authorities to obtain a tax identification number (TIN). The TIN is used to identify the organization when submitting tax returns or other financial documents to the authorities.
Financial Statements:
Zakat Foundation™ Sudan is required to submit financial statements to the authorities on an annual basis. These statements include the organization's income and expenditure, assets and liabilities, and other relevant financial information. The financial statements are audited by an independent auditor to ensure their accuracy and compliance with the accounting standards set forth by the Sudanese government.
Annual Report:
In addition to the financial statements, Zakat Foundation™ Sudan also submits an annual report to the authorities. The report highlights the organization's activities, achievements, challenges, and future plans. The report also includes information on the number of beneficiaries served, the types of services provided, and the impact of the organization's work on the community.
Compliance with Regulations:
Zakat Foundation™ Sudan is committed to complying with all the legal and financial regulations set forth by the Sudanese government. The organization has implemented internal control systems to ensure that its operations are transparent, accountable, and efficient. The organization also conducts regular audits to ensure that it is in compliance with all the applicable regulations.
Conclusion:
Zakat Foundation™ Sudan is a registered charity organization that provides vital services to the people in need. The organization has complied with all the legal and financial requirements set forth by the Sudanese government, including submitting its registration documents, tax registration, financial statements, and annual reports. The organization is committed to transparency, accountability, and efficiency in its operations and is dedicated to making a positive impact on the lives of the people it serves.
