- Saudi tax authority sets June 30 deadline for filing May VAT returns.
- Applies to businesses with annual supplies exceeding 40 million Saudi riyals (US$10.6 million).
- Affected taxpayers must submit May VAT returns by end of June to avoid penalties.
- Filing can be done via ZATCA’s official website or smartphone application for convenience.
- Late filing penalties range from 5% to 25% of the undeclared VAT amount.
- Taxpayers are strongly encouraged to comply early to avoid last-minute technical or payment issues.
Source: news.bloombergtax.com
Latest Posts in "Saudi Arabia"
- Saudi VAT 2025: Stricter TOGC Rules and Cessation Obligations for Business Transfers and Closures
- Excise Tax Returns in KSA: Key Reporting Requirements and Deadlines for Compliance
- Saudi Arabia VAT Guide for Cross-Border Sellers
- Saudi Arabia ZATCA Announces 24th Group E-Invoicing Integration Rules by 2026
- Saudi Arabia to Launch E-Invoicing Wave 24 by June 30, 2026
