Arabian Business, 4 February 2025: Saudi Arabia has announced it will waive a range of fines and penalties on tax violations as it looks to support businesses registered in its tax system.

The Zakat, Tax and Customs Authority (ZATCA) has urged taxpayers to seize the opportunity presented by the cancellation of fines and exemption of penalties initiative, which is available until 30 June 2025.

This initiative offers a reprieve from fines associated with late registration, payment, and filing of returns under all tax laws.

Additionally, it includes waivers for penalties related to correcting VAT returns, violations of VAT field control, and non-compliance with e-invoicing and other VAT regulations.

To benefit from this initiative, taxpayers must be registered with the tax system, submit any previously unfiled returns to ZATCA, and settle all outstanding principal tax debts related to those returns.

An option to apply for an instalment plan is also available, provided the application is made while the initiative is active and all payments are made on time as per the approved schedule.

However, the initiative does not extend to penalties related to tax evasion or fines that were settled before the initiative commenced.

ZATCA encourages taxpayers to familiarise themselves with the initiative’s details through the simplified guidelines on its website.

These guidelines offer a thorough explanation of the types of penalties covered, the conditions for exemption, the process for managing instalment payments, and information on field control violations.

For further inquiries, taxpayers can contact ZATCA via phone: 19993, X: @Zatca_Care, Email: info@zatca.gov.sa and Online: zatca.gov.sa.

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