This initiative means that businesses will not be penalized for the actions mentioned above as long as the conditions set for each penalty have been fulfilled. The scope of the fines covered, and other details of the initiative can be found in the guideline published by the ZATCA.
Source: SOVOS
Latest Posts in "Saudi Arabia"
- Briefing document: Saudi Arabia FATOORAH E-invoicing Compliance
- Saudi Arabia Launches VAT Refund Service for Tourists to Boost Economic Diversification and Tourism
- Saudi Arabia Launches VAT Refund Program for Tourists to Boost Tourism and Retail Growth
- Saudi Arabia’s ZATCA Phase 23 E-Invoicing: Key Compliance Steps for 2025 Roll-Out
- Saudi Arabia Introduces VAT Refund Program to Boost Tourism and Shopping Experience