Riyadh, Saudi Arabia – Saudi authorities have issued a clear warning to businesses operating within the country: settle your outstanding taxes promptly or brace yourself for substantial fines. The call comes from Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA), which has taken a strong stance on enforcing tax compliance.
The warning specifically targets businesses in the commercial sector that fall under the purview of value-added tax (VAT), and whose annual revenues from goods and services surpass the threshold of SR40 million ($10.7 million). Such businesses are required to submit their VAT statements for July before the approaching deadline of August 31.
To facilitate the process, ZATCA has encouraged eligible entities to swiftly furnish their tax statements through either the official zatca.gov.sa website or the dedicated ZATCA smartphone application. This proactive step is aimed at helping businesses avoid potential fines that range from a minimum of 5 percent to a maximum of 25 percent of the total tax amount due.
For those seeking further clarification on VAT-related matters, ZATCA has provided several communication channels. Businesses can reach out to the authority’s call center, which operates around the clock and can be reached at the unified number 19993. inquiries can be directed to ZATCA’s Twitter account (@Zatca_Care), the official email address ([email protected]), or through instant chat on the zatca.gov.sa website.
VAT serves as one of Saudi Arabia’s prevailing tax systems and functions as an indirect tax levied on the purchase and sale of goods and services by various establishments, with certain exceptions applying.