Saudi Arabia calls for benefiting from the initiative to cancel financial fines

The “Cancellation of Fines and Exemption from Financial Penalties” initiative includes exempting taxpayers in Saudi Arabia from fines for late registration in all tax systems, and late payment.

She called Zakat, Tax and Customs Authority in Saudi Arabia All taxpayers subject to tax regulations must quickly take advantage of this“ Cancellation of fines and exemption from financial penalties” initiative, which expires next June 30.

The Authority explained that the initiative includes exempting taxpayers from fines for late registration in all tax systems, late payment, and late submission of the return in all tax systems, in addition to the fine for correcting the return for value-added tax, and fines for field control violations related to the application of electronic invoicing provisions, and general provisions. Other value added tax.

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She explained that to benefit from the initiative, it is required that the taxpayer be registered in the tax system, submit all required returns to the Authority, and pay the entire principal of the tax debt related to the due tax returns, with the possibility of submitting a request to the Authority to pay it in installments, provided that the request is submitted during the validity of the initiative.

Commitment must be made to pay all due installments within the due dates according to the installment plan approved by the Authority, stressing that the initiative does not include fines related to tax evasion violations, and fines that were paid before the effective date of this initiative.

Taxpayers can view the details through the initiative’s simplified guide, available on its website, which includes a detailed explanation of the most prominent matters covered in the decision to extend the initiative to cancel fines and exempt from financial penalties, including clarification of the types of fines included, the conditions for exemption from them, and the steps for paying financial dues in installments.

In addition to defining the field control violations covered by the initiative, along with illustrative examples.

She urged all taxpayers to take advantage of the extension of the initiative during the specified period, which ends at the end of next June, and to contact her if there are any inquiries about the initiative.

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