- Saudi General Authority of Zakat and Tax extends penalty cancellation and exemption initiative
- Initiative now in effect until June 30, 2025
- Applies to taxpayers under all Saudi tax laws
- Exemptions include relief from penalties for late registration, payment, and filing of returns
- Also waives fines for correcting VAT returns, e-invoicing violations, and general VAT infractions
- Taxpayers must meet registration requirements to be eligible
- Payment plans available, must be submitted while initiative is in effect
- Exclusions: tax evasion penalties, fines paid before initiative, penalties for returns after December 31, 2024
Source: globalvatcompliance.com
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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.
