Saudi Arabia Warns of New Year Tax Implications
- Publish date: Thursday، 11 January 2024
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Saudi businesses are warned to submit VAT statements by January 15th, as the Zakat, Tax, and Customs Authority (ZATCA) emphasizes the importance of fulfilling tax obligations.
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Entities liable for value-added tax (VAT) are urged to use the zatca.gov.sa platform to submit statements for November and December, with a deadline to avoid fines.
ZATCA emphasizes communication channels for inquiries, including phone (19993), email (info@zatca.gov.sa), and online platforms.
Failure to comply may result in a minimum 5% fine based on the owed tax value. VAT is levied on most goods and services, with exceptions.