The Zakat, Tax and Customs Authority has called on taxpayers from the business sector subject to value added tax (VAT) to submit their tax declaration for July, no later than August 31.
The Authority has urged business sector taxpayers to promptly submit their tax declaration in order to avoid a penalty for not submitting the declaration within the specified period.
The penalty will be charged at a minimum of 5 percent and a maximum of 25 percent of the tax value which the taxpayer had to declare.
The Authority has also called on taxpayers from the business sector who want more information regarding VAT to contact unified call center number (19993), which works 24 hours every day.
More information can be collected from the account “Ask Zakat, Tax and Customs” on Twitter (@Zatca_Care), via e-mail ([email protected]), or instant chat via the Authority’s website (zatca.gov.sa).
VAT is one of the tax systems in force in Saudi Arabia, and it is an indirect tax imposed on all goods and services that are bought and sold by establishments, with some exceptions.