Saudi Arabia has warned businesses to pay owed tax or face major fines in the country.
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has called on commercial sector establishments subject to value-added tax (VAT) and whose annual revenues on goods and services exceed SR40m ($10.7m) to submit VAT statements for August by September 30.
ZATCA urged facilities to submit their tax statements via the zatca.gov.sa website or to pay via ZATCA smartphone application promptly, in order to avoid a fine of a minimum of 5 per cent and a maximum of 25 per cent of the tax value owed.
Saudi tax warning
The authority called on taxpayers of the commercial sector wishing to receive more information on VAT to contact it:
- Via the call centre’s unified number 19993, which operates 24/7,
- Through the Twitter account @ Zatca _Care
- Through the e-mail info@zatca.gov.sa
- On instant chat via the authority’s website zatca.gov.sa
VAT is one of the Kingdom’s tax systems in force and is an indirect tax imposed on all goods and services purchased and sold by facilities, with some exceptions.
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