The Zakat, Tax and customs Authority (ZATCA) urged business sector taxpayers eligible for VAT to file their tax returns for last May, on a date no later than 30th of June.
The Authority has called on business sector taxpayers to submit their tax returns immediately through its website (gazt.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 fine 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(@Gazt_care), via e-mail (firstname.lastname@example.org), or by instant messages on ZATCA's website (gazt.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.