VAT’s UP

ZATCA urges Taxpayers subject to Selective Goods Tax to submit Returns by Jan 15, 2023

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Riyadh January 10, 2023:

The Zakat, Tax and Customs Authority (ZATCA) has called on taxpayers from the business sector subject to selective goods tax to submit their tax returns for the past November and December, on January 15, 2023, at the latest.

The authority urged its taxpayers to quickly submit their declarations through the website ( zatca.gov.sa ​) , in order to avoid a fine for failure to submit a declaration within the specified period at 5% of the value of the tax that should have been declared for every 30 days of delay in submitting the declaration.

The 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 derivatives.

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