Zakat, Tax and Customs Authority has called on all taxpayers subject to the tax systems to take advantage of the “Cancellation of Fines and Exemption from Financial Penalties” initiative before the initiative expires on May 31, 2023.
The initiative includes exempting taxpayers from the fines for late registration in all tax systems, late payment, and late filing in all tax systems, in addition to the penalty for correcting the return. The initiative includes exempting taxpayers from fines for late registration in all tax systems, late payment, and late filing of returns in all tax systems, in addition to VAT return correction fines, fines for field control violations related to the application of electronic invoicing provisions, and other general VAT provisions.
The Authority explained that the initiative includes exempting taxpayers from penalties for late registration in all tax systems, late payment, and late filing of returns in all tax systems, in addition to VAT return correction penalties.
<In order to benefit from the initiative, the taxpayer must be registered in the tax system, and all returns must be submitted to the Authority, and full payment of the principal of the tax debt related to the tax returns, with the possibility of applying to the Authority for installment payments, provided that The request is submitted during the validity of the initiative and the commitment to pay all due installments within the due dates according to the installment plan approved by the Authority, stressing that the initiative does not include fines associated with tax evasion violations and fines that were paid before the effective date of this initiative.
The Authority urged taxpayers to familiarize themselves with the details through the initiative's simplified guidebook, available on its website, which includes a detailed explanation of the most important aspects of the decision to extend the initiative to cancel fines and exempt financial penalties, including clarifying the types of fines covered and the conditions for exemption, as well as the steps for installment of financial dues, in addition to defining the field control violations covered by the initiative, with illustrative examples.
