The Zakat, Tax and Customs Authority urged VAT-subject establishments of the business sector whose annual revenues of goods and services exceed SAR 40 million to submit their tax returns for last November, on a date no later than 31st of December.
The Authority has called on taxpayers to file their tax returns immediately through its website (zatca.gov.sa), or by submitting such return and its payments via the Authority's smartphone application (ZATCA), in order to avoid a submission-delay fine amounting to a minimum of 5% and a maximum of 25% of the tax that must be declared.
ZATCA invites taxpayers who wish to learn more about VAT to reach out via 24/7 call center hotline (19993), ZATCA account on X platform (@Zatca_Care), via e-mail (info@zatca.gov.sa), 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.