The Zakat, Tax, and Customs Authority (ZATCA) urged business sector taxpayers eligible for VAT to file their tax returns for December and the fourth quarter of 2021, on a date no later than 31st of January, 2022.
The Authority has called on business sector taxpayers to file 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 24/7 call center hotline (19993), the Customer Care Twitter account (@Zatca_care), via e-mail (email@example.com), or by instant messages on ZATCA's website (zatca.gov.sa).
The 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.