| Image Credits: Offices of the Zakat, Tax and Customs Authority (ZATCA) in Saudi Arabia
The Zakat, Tax and Customs Authority (ZATCA) in Saudi Arabia has announced a call to action for taxpayers to take advantage of the “Cancellation of Fines and Exemption of Penalties Initiative,” which will conclude on December 31, 2024.
OVERVIEW OF ZATCA’S PENALTY EXEMPTION INITIATIVE
ZATCA has specified that the initiative covers various fines, including those for late registration, late payments, late filing of returns across all tax laws, fines related to correcting VAT returns, and penalties for violations of VAT control measures, including those concerning e-invoicing regulations.
ELIGIBILITY CRITERIA AND CONDITIONS FOR PARTICIPATION
To qualify for the exemption, taxpayers must be registered within the tax system and submit any previously unsubmitted returns to ZATCA. They must also pay the principal tax debt associated with these outstanding returns. Furthermore, taxpayers have the option to request an installment plan from ZATCA, provided that their application is submitted while the initiative is still active and all due installments are paid according to the specified deadlines in the approved plan. It is important to note that penalties related to tax evasion and fines paid prior to the initiative’s effective date are excluded from this program.
KEY DEADLINES AND CONTACT INFORMATION FOR TAXPAYERS
ZATCA encourages taxpayers to consult the detailed guidelines available on its website, which outline the key aspects of the initiative, including the types of penalties eligible for exemption, the conditions for benefiting from this relief, and the procedures for addressing installment payments and field control violations.
With the initiative set to expire on December 31, 2024, ZATCA urges all taxpayers to take advantage of this opportunity. For any inquiries, taxpayers can reach out to ZATCA via the unified call center at 19993, available 24/7, or through their X Account (@Zatca_Care), email (info@zatca.gov.sa), or live chat on the ZATCA website (zatca.gov.sa).
