- Tax amnesty extended until end of 2024
- Covers waiver of fines on certain taxes such as corporate income tax, withholding tax, VAT, and real estate transaction tax
- Also includes errors relating to e-invoicing
- Does not cover fines for tax evasion or fines already paid
- Taxpayers must be registered with ZATCA, submit outstanding returns, correct any incorrectly disclosed taxes, and pay all principal tax debt or agree on an installment plan
- Opportunity for taxpayers to ensure compliance and avoid substantial fines
- Extension period allows for rectification of discrepancies in tax filings
Source: taxathand.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.
