Latest news with #ZTCA
Arabian Business
a day ago
- Business
- Arabian Business
Saudi Arabia extends cancellation of fines and exemption of penalties by 6 months
The Saudi Zakat, Tax, and Customs Authority (ZTCA) has extended the initiative to waive fines and exempt taxpayers from penalties for an additional six months, until December 31, 2025. The ZTCA, in a notice on its website, said the Minister of Finance has approved the extension to taxpayers under all Saudi tax laws, starting July 1 this year. #ZATCA has extended the Exemption of Fines Initiative December 31, 2025. — هيئة الزكاة والضريبة والجمارك (@Zatca_sa) June 27, 2025 This does not cover penalties for tax evasion violations, fines paid before the effective date of this initiative, or fines related to returns owed to the authority after June 30, 2025. 'The initiative offers relief from penalties associated with late registration, late payment, and late filing of returns. It also waives fines for correcting value-added tax (VAT) returns, fines for field violations related to electronic-invoicing regulations, and general VAT-related infractions,' said ZTCA. ZTCA is also offering taxpayers the option to pay their penalties in instalments. To avail of this, the taxpayer must submit a request to the authority for instalment payments. The request has to be submitted during the initiative's validity period and all payments must be paid within their due dates according to the plan approved by the authority. The requirements stipulate that taxpayers must submit all required returns to the authority that have not been previously submitted, correctly disclose all undisclosed taxes, and fully pay the principal tax debt related to the returns to be submitted or amended to correctly disclose outstanding tax liabilities. ZTCA urged taxpayers to review the details of the initiative and its provisions through the simplified guide, which is available on its website. It provides a detailed explanation of the features of the fine exemption decision, including clarification of the types of fines covered and the conditions for benefiting from the exemption associated with each type of fine.
Zawya
2 days ago
- Business
- Zawya
Saudi Arabia extends tax penalty waiver initiative until end of 2025
RIYADH — The Saudi Zakat, Tax, and Customs Authority (ZTCA) announced that the minister of finance has approved extension of the initiative to waive fines and exempt taxpayers from penalties for a period of six months, starting July 1, 2025. This extension applies to taxpayers until December 31, 2025 under all Saudi tax laws. The authority said that the initiative offers relief from penalties associated with late registration, late payment, and late filing of returns. It also waives fines for correcting value-added tax (VAT) returns, fines for field violations related to electronic-invoicing regulations, and general VAT-related infractions. The eligibility requirements stipulate that t axpayers must meet registration requirements as outlined by the authority. They must also submit all required returns to the authority that have not been previously submitted, correctly disclose all undisclosed taxes, and fully pay the principal tax debt related to the returns to be submitted or amended to correctly disclose outstanding tax liabilities. Taxpayers may also submit a request to the authority for installment payments, provided the request is submitted during the initiative's validity period and all installments shall be paid within their due dates according to the installment plan approved by the authority. The ZTAC emphasized that the initiative does not cover penalties for tax evasion violations, fines paid before the effective date of this initiative, or fines related to returns owed to the authority after June 30, 2025. The authority called on taxpayers to review the details of the initiative and its provisions through the simplified guide for the initiative, available on its website. The guide provides a detailed explanation of the salient features of the fine exemption decision, including clarification of the types of fines covered, the conditions for benefiting from the exemption associated with each type of fine, and the steps for disbursing financial dues in installments. It also outlines the field control violations covered by the initiative, with illustrative examples. The ZTAC urged all taxpayers to seize the opportunity of extending grace period for the initiative, stressing its readiness to answer any inquiries via the Unified Call Center number 19993, available 24/7, or "Ask Zakat, Tax, and Customs" account on the X Zatca_Care platform, or the email address [email protected], or the live chat on the authority's website. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
21-04-2025
- Business
- Zawya
VAT will be refunded to tourists upon their departure from Saudi Arabia
RIYADH - The amount of 15 percent value added tax (VAT) paid by tourists while purchasing goods and services in Saudi Arabia will be refunded to them upon their departure. The Zakat, Tax and Customs Authority (ZTCA) has made the necessary amendments in the VAT Regulation in this regard. The new VAT exemption came into effect on Friday, April 18. The authority stated that the amendment stipulates that the rate of VAT will be zero percent on eligible goods and services provided by a service provider to tourists and the imposed VAT amount shall be refunded to the tourists by the service provider at the time of their departure from the Kingdom. According to the amendment, the authority is tasked to authorize one or more approved service providers to provide tax refund facilitation services to tourists. The ZTCA emphasized that the approved service provider is jointly responsible with the tourist for paying back any amounts proven to have been refunded in violation of the procedures and provisions related to refunds or decisions issued by the authority regarding tax refunds for tourists. Tourists from the Gulf Cooperation Council (GCC) countries will be treated as tourists from outside the GCC in this respect until the implementation of the Electronic Service Law. The ZTCA authorized its governor to issue the necessary requirements for tax refunds to tourists. These requirements include the requirements and stages of implementing the tax refund mechanism for tourists, additional conditions for considering a natural person as a tourist, goods eligible for refund, requirements for the minimum value of goods eligible for refund, requirements for considering a taxable supplier as an approved supplier, and requirements for submitting refund applications. In another context, the amendments to the VAT Regulation confirmed that if a taxable person transfers an economic activity to another, the transferee must notify the ZTCA within 30 days of the transfer date, except if the transferor has deregistered. The authority stipulated that a taxable person whose registration has been deregistered must retain the required invoices, notices, books, and records. The deregistration of a taxable person does not prejudice their obligation to pay any dues to the authority that precede the date of deregistration. The authority clarified in the amendments to the Regulation that if the transfer of an economic activity does not meet all the conditions, including notification to the authority of the transfer, and the goods and services that represent the transferred economic activity, shall be considered as a taxable item. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
20-04-2025
- Business
- Saudi Gazette
VAT will be refunded to tourists upon their departure from Saudi Arabia
Saudi Gazette report RIYADH — The amount of 15 percent value added tax (VAT) paid by tourists while purchasing goods and services in Saudi Arabia will be refunded to them upon their departure. The Zakat, Tax and Customs Authority (ZTCA) has made the necessary amendments in the VAT Regulation in this regard. The new VAT exemption came into effect on Friday, April 18. The authority stated that the amendment stipulates that the rate of VAT will be zero percent on eligible goods and services provided by a service provider to tourists and the imposed VAT amount shall be refunded to the tourists by the service provider at the time of their departure from the Kingdom. According to the amendment, the authority is tasked to authorize one or more approved service providers to provide tax refund facilitation services to tourists. The ZTCA emphasized that the approved service provider is jointly responsible with the tourist for paying back any amounts proven to have been refunded in violation of the procedures and provisions related to refunds or decisions issued by the authority regarding tax refunds for tourists. Tourists from the Gulf Cooperation Council (GCC) countries will be treated as tourists from outside the GCC in this respect until the implementation of the Electronic Service Law. The ZTCA authorized its governor to issue the necessary requirements for tax refunds to tourists. These requirements include the requirements and stages of implementing the tax refund mechanism for tourists, additional conditions for considering a natural person as a tourist, goods eligible for refund, requirements for the minimum value of goods eligible for refund, requirements for considering a taxable supplier as an approved supplier, and requirements for submitting refund applications. In another context, the amendments to the VAT Regulation confirmed that if a taxable person transfers an economic activity to another, the transferee must notify the ZTCA within 30 days of the transfer date, except if the transferor has deregistered. The authority stipulated that a taxable person whose registration has been deregistered must retain the required invoices, notices, books, and records. The deregistration of a taxable person does not prejudice their obligation to pay any dues to the authority that precede the date of deregistration. The authority clarified in the amendments to the Regulation that if the transfer of an economic activity does not meet all the conditions, including notification to the authority of the transfer, and the goods and services that represent the transferred economic activity, shall be considered as a taxable item.
