The Zakat, Tax and Customs Authority (ZATCA) urged the establishments eligible for VAT, with an annual supply of goods and services exceeding SAR 40 million, to file their tax returns for last December and the 4th quarter of 2022, on a date no later than January 31.
ZATCA has called on taxpayers in the business sector to file their tax returns immediately through its website (zatca.gov.sa) or to file and pay via the ZATCA App. A fine shall be imposed on failure to file the tax returns within the specified period. The minimum fine shall be 5%, whereas the maximum fine is 25% of the value of the tax that must be declared.
In the meantime, ZATCA invites taxpayers in the business sector who wish to learn more about VAT to reach out via its 24/7 call center hotline (19993), the Customer Care Twitter account (@Zatca_Care), via e-mail (email@example.com), or by instant message on ZATCA's website (zatca.gov.sa).
VAT is a tax law in force in the Kingdom of Saudi Arabia, as an indirect tax imposed on all goods and services that are bought and sold by businesses, with a few exceptions.