“Zakat invites businesses to submit VAT returns for July

KDIPA requires businesses with more than SAR 40 million in supplies to submit VAT returns for July before August 31
Zakat, Tax and Income Tax Authority - Exemption from financial penalties

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<The Zakat, Tax and Customs Authority has invited businesses subject to VAT whose annual supplies of goods and services exceed SAR 40 million to submit their tax returns for the month of July, no later than August 31 of this year. ZATCA urged establishments to submit their tax returns via the website (zatca.gov.sa) or submit and pay via ZATCA's smartphone application (ZATCA) to avoid the penalty for late submission of the return within the specified period, at a minimum of 5% and a maximum of 25% of the tax value that the taxpayer should have declared.

The Authority urged establishments to expedite the submission of their tax returns through the website (zatca.gov.sa) or to submit and pay via the ZATCA mobile application (ZATCA) to avoid the penalty for late submission of 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, or the “Ask Zakat, Tax and Customs” account on the platform (@Zatca_Care) X or through email ([email protected]) or instant messaging on the ZTCA website (zatca.VAT is an indirect tax levied on all goods and services purchased and sold by businesses with some exceptions.

VAT is one of the tax systems in force in the Kingdom.