The General Authority for Zakat and Income Tax (GAZT.GOV.SA). The General Authority for Zakat and Income confirmed that the fine for not submitting the tax return within the specified period is not less than 5% and not more than 25% of the value of the tax that the establishment should have declared, and a fine for late payment of the due tax equivalent to 5% of the value of the unpaid tax for each month or part thereof for which the tax was not paid, and establishments not committed to submit their returns on time may be subject to the suspension of many government services.
The General Authority for Zakat and Income stressed that the fine for not submitting the tax return within the regular dates. The Authority reiterated that establishments have the right to correct their tax returns previously submitted for a previous tax period, in accordance with the provisions of the executive regulations of the VAT system, provided that they notify the Authority within a maximum period of 20 days from the date of knowledge of the error, and urged establishments to adhere to the tax return form to provide clear information about the tax due on revenues and the tax due on purchases.
The Authority urged establishments to adhere to the tax return form to provide clear information about the tax due on revenues and the tax due on purchases.
