The amnesty will continue to apply to relieve taxpayers from the following penalties and fines in relation to all tax legislation (VAT, Income & Withholding Tax, RETT, Excise Tax):
- Late registration for all tax types
- Late payment of taxes
- Late filing of returns for all taxes
- Fines imposed as a result of voluntary disclosures submitted to correct VAT returns
- Fines imposed in relation to field audit violations relating to E-invoicing and VAT pursuant to Article 54 of the VAT Law
- Fines imposed for failing to meet the prescribed E-invoicing requirements
Taxpayers wishing to benefit from the amnesty during this latest extension period must meet certain conditions including:
- For penalties related to failure to register, to obtain the amnesty persons must comply with all registration requirements applicable to them
- Submitting all unfiled tax returns that were required to be submitted to ZATCA or otherwise declaring all taxes owed that were not previously declared and remitting in full all outstanding tax amounts due or otherwise agree on a repayment schedule with ZATCA provided that payments are made according to the agreed schedule without defaults during the extended amnesty period
All taxpayers wishing to benefit from the amnesty should ensure they satisfy the relevant requirements and submit the request for amnesty during the extended period ending 31 December 2023.
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To speak with us in relation to any of the proposed changes to KSA VAT, or any tax matters or issues more generally, please contact one of the team members.
* Content prepared by Legal Advisors in association with Baker & McKenzie Limited.