Article 63 - Correction of returns

1. In cases where a Taxable Person becomes aware of an error or an incorrect amount in a filed Tax Return, or becomes aware of such facts which should have led it to be aware of such error or incorrect amount, which has resulted in the amount of Tax payable to the Authority being understated, that Person must notify the Authority within twenty (20) days of becoming aware of the error or incorrect amount, by filing a submission to correct the Tax Return save to the extent the third paragraph of this article applies and is complied with by the Taxable Person.

2. In cases where a Taxable Person becomes aware of an error or an incorrect amount in a filed Tax Return which has resulted in the amount of Tax payable to the Authority being overstated, the Taxable Person may correct that error at any time by adjusting the Tax in a subsequent Tax Return subject to the fourth paragraph of this article.

3. Notwithstanding the requirements of the first paragraph of this article, if the understatement of Net Tax by the Taxable Person is less than five thousand (5,000) riyals, the Taxable Person may correct that error by adjusting the Net Tax in its next Tax Return.

4. No correction to any Tax Return relating to an overstatement of Tax in respect of a Tax Period may be made after a period of five (5) years has passed from the end of the calendar year in which the Tax Period takes place.

5. Any correction filed with the Authority must provide the following minimum information:

a) the Tax Period or Tax Periods to which the Tax Returns being corrected relate,

b) the amount of Output Tax and Input Tax being corrected in respect of each Tax Period,

c) information explaining the reason for the error or incorrect information in the Tax Return.