- 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
