ZATCA to cancel fines, exempt taxpayers of penalties for 6 months starting June 1
- Date: 01-Jun-2022
- Source: Argaam
- Sector:Economy
- Country:Saudi Arabia
ZATCA to cancel fines, exempt taxpayers of penalties for 6 months starting June 1
Saudi Zakat, Tax and Customs Authority (ZATCA) announced the re-launch of an initiative to cancel fines and exempt tax payers of the penalties, for six months from June 1- Nov. 30, 2022, according to ZATCA statement.
The initiative aims to mitigate the economic fallout of the pandemic.
Fines for the delay in registration, default payment as well as delayed report submission are included in the exemption initiative. However, fines for the tax evasion and those paid before the initiative date will not be covered.
ZATCA requested taxpayers to fully review the initiative via its website.
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