Types of Taxes included in the Initiative:
Key Highlights of the Initiative:
- Exemption from Unpaid Financial Fines: This includes fines for late registration, delayed payments, overdue tax return submissions, VAT return corrections, and violations related to VAT field detection and e-invoicing.
- Eligible Taxes: The initiative covers various taxes including Value Added Tax (VAT), Income Tax, Withholding Tax (WHT), Real Estate Transaction Tax (RETT), and Excise Tax.
- Conditions to Benefit:
- Register with ZATCA if not already registered.
- Submit all required returns i.e. VAT, WHT, Corporate Income Tax, RETT, Excise before 31-12-2024
- All Tax Payments and dues must be received by the ZATCA on or before 31-12-2024
Important Details for ZATCA Amnesty Extension in KSA:
- The initiative excludes fines paid before June 1, 2022, and fines resulting from tax evasion
- Businesses must adhere to the approved instalment plans to maintain the benefits of the initiative.
- Any non-compliance with the instalment plan could lead to the re-imposition of the previously exempted fines.
Our team at MCA KSA can assist in the amnesty submission process to ensure tax compliance and avoid penalties. Please email us now to get in touch with our consultants.
