Zakat, Tax and Customs Authority (ZATCA) urged the establishments taxable to VAT, with annual supply of goods and services exceeding SAR 40,000,000, to file their tax returns for the last October, on a date no later than 30th of November.
ZATCA has called on establishments to file their tax returns immediately through its website (zatca.gov.sa) or to file and pay via ZATCA's App (ZATCA). A fine will be imposed on failure to file the tax returns within the specified period, as the minimum fine will be 5% and the maximum fine will be 25% of the value of the tax that must have been declared.
In the meantime, ZATCA invites taxpayers of business sector seeking to further details on VAT to reach out via its 24/7 call center hotline (19993), the Customer Care X account (@Zatca_Care), E-mail (info@zatca.gov.sa), or live chat on ZATCA's website (zatca.gov.sa).
VAT is a tax applicable in the Kingdom of Saudi Arabia, as an indirect tax imposed on all goods and services that are purchased and sold by businesses, with a few exceptions.