07.06.22
Saudi Arabia launches tax amnesty schemes
The Zakat, Tax and Customs Authority (ZATCA) announced an initiative to ease the blow of the COVID-19 outbreak on businesses by cancelling fines and exemption from financial penalties for all taxpayers, starting June 1, 2022, and ending November 30, 2022.
According to the Authority, the fines covered by the exemption include fines for late registration in all tax systems, late payment, late filing of returns fines in all tax systems, and fines to correct VAT returns, as well as fines for violations of VAT field control related to applying the e-invoicing regulations and other general regulations.
ZATCA encourages taxpayers to view the details of the schemes through the simplified guideline on its website and urges all taxpayers to benefit from the initiative during the allotted time.
Browse Kingdom of Saudi Arabia updates
New e-invoicing phase 2 requirements
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ZATCA to subsidize purchase of e-invoicing software
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Saudi Arabia launches tax amnesty schemes
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Saudi Arabia will consider reducing VAT “ultimately”
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Saudi Arabia initiate procedures for Phase 2 implementation
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ZATCA reclassified the penalties on VAT violations
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ZATCA announces penalties and violations for e-invoicing
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ZATCA develops the Software Development Kit (SDK) Toolkit
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ZATCA publishes guide to develop a FATOORA compliant QR code
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Further changes in the e-invoicing mandate
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Delayed go-live date for Phase two in the e-invoicing mandate
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End of the Transitional Period for VAT rate increase
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Draft resolution published by GAZT: open for public consultation
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KSA publishes its final e-invoicing regulation
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Mandatory electronic invoicing
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