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Tax amnesty announcement in the Kingdom of Saudi Arabia

Health checks to ensure compliance and minimize risk in KSA

With the aim to further mitigate the economic effects of the COVID-19 outbreak, the Zakat, Tax and Customs Authority (ZATCA) has announced the relaunch of the initiative to waive penalties on certain taxes, including Corporate Income Tax, Withholding Tax (WHT), Value Added Tax (VAT), Real Estate Transaction Tax (RETT), and any errors relating to e-Invoicing. 

The period to apply for the relief started on 1 June 2022 and will end on 30 November 2022.  

The penalty amnesty provides an excellent opportunity for businesses to review their past tax returns, as well as take corrective action where needed. To ensure compliance and minimize the risk of penalties being imposed by the ZATCA, we have designed an approach and methodology to support businesses in identifying and correcting any past errors or difficulties in a practical and effective manner. The reviews can be carried out individually or as part of a coordinated program and some of the key focus areas highlighted in this document include:

  • VAT and RETT Health Check 
  • Corporate Tax and Zakat Health Check
  • Withholding Tax (WHT) Health Check
  • e-Invoicing Health Check
Tax amnesty announcement in the Kingdom of Saudi Arabia
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