Global Daily Tax News, Saudi Arabia Flags Approaching Tax Amnesty Cutoff, (May 15, 2024)

Saudi Arabia's Zakat, Tax, and Customs Authority (ZATCA) has issued a statement urging taxpayers to take advantage of the extended general tax amnesty scheme, which is due to expire on June 30, 2024.

The amnesty covers late registration, late payment, late submission of all tax returns, the fee for amending value-added tax returns, and penalties for other value-added tax non-compliance, including in relation to electronic billing requirements.

To benefit from the tax amnesty, taxpayers are required to complete any necessary registrations, file any missing returns and declare all income, and settle any remaining tax amounts. Taxpayers unable to settle their tax debts may instead set up a tax instalment plan.

The amnesty does not cover fines for tax evasion, fines that were paid prior to the effective date of the scheme (June 1, 2022), and for tax debts settled after the close of the amnesty.