Saudi Gazette report
RIYADH — The Saudi Zakat, Tax, and Customs Authority (ZTCA) introduced that the minister of finance has accredited extension of the initiative to waive fines and exempt taxpayers from penalties for a interval of six months, beginning July 1, 2025. This extension applies to taxpayers till December 31, 2025 below all Saudi tax legal guidelines.
The authority mentioned that the initiative presents aid from penalties related to late registration, late fee, and late submitting of returns. It additionally waives fines for correcting value-added tax (VAT) returns, fines for discipline violations associated to electronic-invoicing rules, and basic VAT-related infractions.
The eligibility necessities stipulate that taxpayers should meet registration necessities as outlined by the authority. They need to additionally submit all required returns to the authority that haven’t been beforehand submitted, accurately disclose all undisclosed taxes, and totally pay the principal tax debt associated to the returns to be submitted or amended to accurately disclose excellent tax liabilities.
Taxpayers may additionally submit a request to the authority for installment funds, offered the request is submitted throughout the initiative’s validity interval and all installments shall be paid inside their due dates in accordance with the installment plan accredited by the authority.
The ZTAC emphasised that the initiative doesn’t cowl penalties for tax evasion violations, fines paid earlier than the efficient date of this initiative, or fines associated to returns owed to the authority after June 30, 2025.
The authority known as on taxpayers to evaluation the main points of the initiative and its provisions by the simplified information for the initiative, accessible on its web site. The information supplies an in depth clarification of the salient options of the positive exemption determination, together with clarification of the varieties of fines coated, the circumstances for benefiting from the exemption related to every kind of positive, and the steps for disbursing monetary dues in installments. It additionally outlines the sector management violations coated by the initiative, with illustrative examples.
The ZTAC urged all taxpayers to grab the chance of extending grace interval for the initiative, stressing its readiness to reply any inquiries by way of the Unified Name Middle quantity 19993, accessible 24/7, or “Ask Zakat, Tax, and Customs” account on the X Zatca_Care platform, or the e-mail deal with [email protected], or the stay chat on the authority’s web site.