- Saudi Zakat, Tax, and Customs Authority extends penalty exemption initiative until 30 June 2025
- Originally set to expire on 31 December 2024, the initiative has been extended for an additional 6 months
- The initiative includes exemptions for penalties related to late registration, late payment, and late filing under all tax laws
- Also covers waivers for VAT return correction fines and penalties for e-invoicing and general VAT violations
- Taxpayers must be registered, submit all due returns, and pay all principal tax debts to benefit from the initiative
- Installment payment plans are available if applied for during the initiative period and installments are paid on time
- The initiative does not apply to penalties for tax evasion, penalties paid before the initiative started, or penalties for returns due after 31 December 2024
- ZATCA provides a detailed guideline on its website explaining the initiative, eligible penalties, and application process
- Taxpayers are encouraged to use the initiative and contact ZATCA for inquiries through various communication channels including a call center, email, and instant messaging
Source: zatca.gov.sa
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.
