The Zakat, Tax and Customs Authority (ZATCA) is urging taxpayers subject to tax laws to benefit from the Cancellation of Fines and Exemption of Financial Penalties Initiative before it ends on May 31, 2023.
According to ZATCA, the Initiative exempts taxpayers from fines for various violations, including late registration, delayed payment, and overdue tax return filing. To be eligible, taxpayers must be registered in the tax law, file all due tax returns with ZATCA, and settle their tax liability in full. Any taxpayer who wishes to pay their tax liability in instalments may do so by submitting a request to ZATCA. The Authority has urged taxpayers to view the Initiative details via the Initiative Simplified Guide available on its website and to contact them for inquiries.
The Initiative is part of ZATCA's initiatives to alleviate the economic impact of COVID-19.
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