- Saudi Arabia extends tax penalty exemption initiative to December 31, 2025
- Initiative aims to mitigate economic impact of COVID-19 on businesses
- Exemption applies to unpaid fines from late registration, delayed payment, and overdue tax return submission
- Includes VAT return correction penalties and fines for VAT field detection and e-invoicing violations
- Eligibility requires registration with ZATCA, filing pending or corrected tax returns, and paying principal amount or applying for installments
- Penalties from tax evasion violations are not eligible
- Extended period allows taxable persons to correct discrepancies and avoid fines
- Simplified guide available to help understand conditions and eligibility
Source: vatabout.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.
