VAT’s UP

ZATCA Carried More Than 13,000 Inspection Visits in March

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Riyadh April 17 2024:

The Zakat, Tax and Customs Authority (ZATCA) carried out more than 13,000 inspection visits during the month of March 2024 to markets and shops in various regions and cities of the Kingdom.

The Authority explained that the visits carried out by its supervisory and inspection teams in cooperation with the National Program to Combat Commercial Concealment included a number of commercial sectors, most notably: retail, tobacco, the nutrition sector, and car sales. The Authority indicated that the most prominent violations monitored by the supervisory teams were: not including a quick response code in the electronic invoice, not having tax stamps, not issuing electronic debit or credit notices, in addition to the violation of not issuing an electronic tax invoice.

The Authority stated that these visits aim to enhance the level of compliance with the provisions of the tax systems in force in the Kingdom, among taxpayers from the business sector, and to limit commercial transactions that violate the instructions and controls that fall within the authority’s jurisdiction.

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