- Saudi Arabia extends tax penalty waiver initiative until 30 June 2025
- Initiative provides exemptions for late registration, payment, and filing of returns
- Waivers also include VAT return correction fines and penalties for e-invoicing violations
- Taxpayers must be registered and submit all previously non-submitted returns to benefit
- Installment payment plan can be requested as long as all due installments are paid on time
- Initiative does not cover penalties for tax evasion violations or returns submitted after 31 December 2024
- Taxpayers can view details of the Initiative on ZATCA’s website
- ZATCA urged taxpayers to take advantage of the initiative before it concluded on 31 December 2024
Source: regfollower.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.
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