The Zakat, Tax and Customs Authority (ZATCA) urged persons eligible for VAT to file their tax returns for last July, on a date no later than 31st of August.
The Authority has called on taxpayer to file their tax returns immediately through its website (zatca.gov.sa). 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 25% of the value of the tax that must be declared.
In the meantime, ZATCA invites taxpayers 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 (info@zatca.gov.sa), or by instant messages 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.