Saudi Arabia: Foreign VAT Recovery e-Filing Process
ZATCA (Zakat, Tax and Customs Authority) announced on 1 June 2022 that the initiative of “Cancellation of Fines and Exemption of Penalties” is re-launching as of 1 June 2022 and has a validity of six months.
The end date is 30 November 2022.
As per the “ZATCA” guideline, the penalty reliefs will apply for the following:
- Late Registration in all Tax Systems;
- Late payments;
- Late filing of Tax Returns in all Tax Systems;
- When correcting a VAT Return; and
- When violations with VAT and e-invoicing, are detected during the audit.
The types of taxes that are included in the tax amnesty scheme are the following:
- Withholding Tax;
- Excise Tax;
- Income Tax; and
- Real Estate Transaction Tax (RETT).
The Tax and Customs Authority provides a simple guide on its website that in addition clarifies what are the conditions for benefiting from the reliefs.
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