VAT’s UP

ZATCA Invites Establishments Subject to the Selective Goods Tax to Submit Returns for March and April

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Riyadh May 09 2024:

Selective goods tax is one of the tax systems in force in the Kingdom, which is imposed on goods that have negative effects on public health or the environment in varying proportions, and includes soft drinks, energy drinks, sweetened drinks, tobacco and its deravitives.

The Authority urged establishments to quickly submit their returns through the website ( zatca.gov.sa ), to avoid a fine for late submission of the return within the specified period, at the rate of 5% of the value of the tax that should have been declared for every 30 days of delay in submitting the return.

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