Saudi Arabia announces tax fine exemptions, outlines rules to avoid penalties

Saudi tax authorities have encouraged taxpayers to utilize opportunities to waive fines and penalties within the Kingdom before July.

Read also: ZATCA reveals the deadline for Saudi taxpayers to submit returns

The Zakat, Tax, and Customs Authority (ZATCA) has emphasized the importance of taking advantage of the "cancellation of fines and exemption of financial penalties" initiative, which is set to expire on June 30, 2024. This initiative encompasses fines related to various tax infractions, such as late registration across all tax systems, delayed payments, tardy submission of tax returns, erroneous VAT returns, violations of VAT field control concerning the implementation of e-invoicing regulations, and other regulatory violations.

To qualify for exemption, taxpayers must be registered with the tax system and must submit all outstanding tax returns to the authority while settling the principal debt associated with these returns. Additionally, taxpayers have the option to settle their debts through installment payments. The initiative allows for the waiver of fines, provided that the exemption application is submitted within the initiative's timeframe and all installment payments are made by the specified due dates outlined in the authority-approved installment plan.

It's worth noting that penalties related to tax evasion and fines incurred before the initiative's effective date are not covered under this initiative. Taxpayers can access detailed information regarding the initiative, including the types of penalties eligible for exemption, exemption conditions, steps to follow for installment payments of financial dues, and an overview of field control violations, on the authority's website.

The Saudi tax authority urges taxpayers to seize the opportunity presented by this initiative, emphasizing its imminent conclusion by the end of June. For inquiries or assistance, taxpayers are encouraged to reach out to the authority via various channels, including phone, email, and online platforms. These include the hotline number 19993, the official Twitter handle @Zatca_Care, the email address [email protected], and the official website

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