- The Tax Amnesty deadline in Saudi Arabia has been extended to 30 June 2024.
- The extension is aimed at helping taxpayers affected by the Covid-19 pandemic.
- The Tax Amnesty Initiative exempts taxpayers from fines for late registration, late payment, late filing of returns, and violations of VAT field control.
- Taxpayers must meet certain conditions to benefit from the Tax Amnesty, including submitting all unfiled tax returns and paying outstanding tax debt.
- The Tax Amnesty does not cover penalties related to tax evasion violations and fines paid before 1 June 2022.
Source: insightplus.bakermckenzie.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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’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
- Saudi Arabia Introduces VAT Refund for Tourists, GCC Nationals on Purchases Over SAR 500
