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ZATCA Calls Establishments Subject to Withholding Tax to Submit Their Returns for Last November

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Riyadh December 06 2023:

The Zakat, Tax and Customs Authority (ZATCA) called on establishments subject to withholding tax in the Kingdom to submit their tax returns for the month of November, no later than December 10, 2023.

The Authority urged establishments to quickly submit their tax returns through its website (zatca.gov.sa) in order to avoid a fine for late payment within the specified period, at the rate of 1% of the unpaid tax for every thirty days of delay from the due date. Withholding tax is imposed on all amounts paid from a source in the Kingdom to non-resident entities in the Kingdom, in accordance with the rates specified in Article 68 of the Income Tax Law and Article 63 of its Executive Regulations.