The Zakat, Tax and Customs Authority has called on taxpayers subject to VAT whose annual supplies exceed SAR 40 million to submit their tax returns for the month of July, no later than August 31st.

The Authority urged taxpayers to submit their tax returns through its website zatca.gov.sa to avoid the penalty for failure to submit the return within the specified period, at a minimum of 5% and a maximum of 25% of the value of the tax that should have been declared.

The Authority urged taxpayers to hurry to submit their tax returns through its website zatca.gov.sa to avoid the penalty for failing to submit the return within the specified period.

The Zakat, Tax and Customs Authority (ZTCA) invited business taxpayers wishing to obtain more information on VAT to contact it through the unified call center number 19993, which operates 24 hours a day, seven days a week, the “Ask Zakat, Tax and Customs” account on Twitter @zatca_care, email [email protected], or through instant messaging on the Authority's website zatca.gove.sa.

VAT is one of the tax systems in force in the Kingdom, which is an indirect tax imposed on all goods and services bought and sold by businesses with some exceptions.

VAT is an indirect tax imposed on all goods and services bought and sold by businesses with some exceptions.