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ZATCA: April 29 The Last Date for submitting Zakat Returns & Income Tax Returns

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Riyadh April 16 2024:

The Zakat, Tax and Customs Authority clarified that the last date for submitting zakat returns for establishments and income tax returns for foreign establishments is April 29, 2024 AD, for the fiscal year ending on December 31, 2023 AD .

The Authority explained that this comes in implementation of Article 60 of the Income Tax Law for Foreign Companies, which includes “the obligation to submit the tax return within one hundred and twenty days from the end of the tax year that the return represents,” and in accordance with the text of Article 17 of the Executive Regulations for Zakat Collection, that every taxpayer must submit the return and its attachments and pay Zakat according to the forms and procedures of the Authority, within a period not exceeding (120) days from the end of the zakat year, and if the end of this period falls on an official holiday, it extends to the first working day thereafter.

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