Sign In

Amending and adding new provisions to the Value Added Tax Law

Consulting Goals

Consulting aim to:

Through the amendment of the Value Added Tax Law, ZATCA aims to achieve the following:
1. Amending the percentage for the penalty pertaining to late submission of VAT Return and the penalty for late payment currently imposed in the Law by reducing it.
2. Imposing a minimum and maximum limit to the failure of VAT return submission in case of a refundable or zero-rated VAT Return and the inclusion of a provision in case of repetition.
3. Imposing a maximum cap on the calculation of the late payment penalty. 
4. Amending the late payment penalty for persons that unjustly recover VAT from persons eligible for recovery as specified by the Regulations.
5. Adding new provisions to authorize ZATCA to seize taxpayer funds in case final tax debts are not settled in accordance to the conditions and controls that ZATCA must adhere to.
Consulting Status
Consulting Link Click here
Consulting type Legal
Target Users
Start Date 2/12/2023
End Date 3/12/2023
Comments and suggestions
Comments and suggestions
For any inquiries or notes about authority services or current page, please fill in the required information.
Add a comment
Was this page useful?
0 visitors said yes from 0 feedbacks

Last Update: 06 Nov 2023 01:07 PM Saudi Arabia Time