KSA, 11 March, 2024 : The Zakat, Tax and Customs Authority (ZATCA) urges taxpayers to take advantage of the "Cancellation of Fines and E-invoicing of Penalties Initiative" before its conclusion on June 30, 2024. This initiative covers fines for late registration, payment, and filing of returns across all tax laws, as well as penalties for VAT return corrections and violations related to e-invoicing regulations.
To benefit, taxpayers must be registered with tax law, submit outstanding returns, and settle associated tax debts. An installment plan option is available if requested during the initiative's duration and all installments are paid on time. Exclusions apply to penalties for tax evasion and those paid before the initiative's start date.
ZATCA advises taxpayers to refer to its website for simplified guidelines detailing initiative specifics and steps for benefitting. Contact can be made through various channels including the unified call center, email, and instant messaging via the ZATCA website.
Source : www.zatca.gov.sa
Related Posts
Real estate has long been one of the most attractive sectors for criminals seeking to disguise illic...
Read More
For years, regulatory enforcement in AML followed a familiar pattern. A bank was found to have weak ...
Read More
For many Corporate Service Providers, customer due diligence is often viewed as the most important s...
Read More