ZATCA Urges Taxpayers To Benefit From The Cancellation Of Fines And Exemption Of Financial Penalties Initiative

The Zakat, Tax and Customs Authority urged all taxpayers to benefit from the initiative, “Cancellation of Fines and Exemption of Financial Penalties”, which was announced by the Authority at the end of last November for an additional six months, until the initiative’s expiration on 31 May 2023.
The Authority has also clarified that the fines covered by the exemption decision, according to the Authority, include fines for late registration in all tax systems, late payment, late filing of returns fines in all tax systems, and fines to correct VAT returns, as well as fines for violations of VAT field control related to applying the e-invoicing regulations and other general regulations.

Source: menafn.com

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