- Purpose and Scope: Clarifies treatments for statutory provisions effective from 1 January 2025, without amending existing laws.
- Initiative Details: Extends the Cancellation of Fines and Exemption of Financial Penalties Initiative for six months to mitigate COVID-19 impacts.
- Exemptions: Covers various fines including late registration, delayed payments, and VAT return corrections, subject to specific conditions.
- Conditions: Requires registration, submission of all tax returns, and payment or installment of tax debts by 30 June 2025.
- Examples: Provides illustrative scenarios demonstrating how establishments can benefit from the initiative by complying with the specified conditions.
Source Zatca
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