Fines for 3 types of income tax related violations for foreign firms – Saudi Gazette

Fines for 3 types of income tax related violations for foreign firms – Saudi Gazette

Okaz/Saudi Gazette RIYADH — The Zakat, Tax and Customs Authority will slap fines on foreign firms for violations related to income tax. Fines will be imposed on foreign firms that make delay in submitting returns or in making payment of taxes or getting registered in the system. The authority explained this in the user guide for the mechanism for the payment of income tax on foreign establishments. “In the event of fines or penalties, a payment invoice will be generated containing the invoice number and the amount due, and the taxpayer will be able to make payments via electronic banking services, or through an ATM.”The authority allowed the payment of tax or fines via Mada cards for amounts of SR20,000 or less. It indicated that by paying the bill through the SADAD system, a zakat certificate will be issued automatically if there were no other financial obligations, and paying the bill is considered as an acknowledgment of the accuracy of the information furnished in the declaration.The income tax rate on the tax base is 20 percent for each of the following activities: a resident capital company, a non-Saudi resident natural person who practices an activity, a non-resident person as a