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ZATCA Urges Taxpayers to Benefit from the Exemption before May 31
Riyadh May 03, 2023:
The Zakat, Tax and Customs Authority (ZATCA) urges all taxpayers subject to tax laws to take advantage of the Cancellation of Fines and Exemption of Financial Penalties Initiative that is ending on 31 May 2023.
According to ZATCA, the Initiative exempts taxpayers from fines for late registration in all tax laws, delayed payment, overdue tax return filing in all tax laws, VAT return correction, and field detection of violations of e-invoicing and general provisions of VAT.
The Authority stated that the taxpayer must be registered in the tax law, file all due tax returns with ZATCA and settle the tax liability of all pending tax returns in full to be eligible for the Initiative.