Riyadh- March 25, 2021:

Saudi officials have issued 40,500 fines related to a number of different kinds of tax violations this year.

Governments worldwide are cracking down on tax evasion after sources public finances took a hammering during the pandemic. Few Gulf countries, including Saudi Arabia, introduced value added tax to boost revenues and reduce the dependency on oil revenues.

About 1.3 million registered taxpayers exist in the Kingdom according to the authority’s website.

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