Extension of the Tax amnesty deadline in the Kingdom of Saudi Arabia (KSA) has been saved
Extension of the Tax amnesty deadline in the Kingdom of Saudi Arabia (KSA)
Health checks to ensure compliance and minimize risk in KSA
The Zakat, Tax and Customs Authority (ZATCA) has announced the extension of the initiative to waive penalties on certain taxes, including Corporate Income Tax (CIT), Withholding Tax (WHT), Value Added Tax (VAT), Real Estate Transaction Tax (RETT), Excise Tax (ET) and any errors relating to e-invoicing. This extension will include periods before and after 1 June 2022, up to November 30, 2022. The date by which submissions under the amnesty can be made will now end on 31 May 2023.
We have designed an approach and methodology to support businesses in identifying and correcting errors and issues in their past VAT returns and other taxes. If you have not yet considered a review of these taxes, our advice is to carry out this exercise at the earliest opportunity.
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
- Excise Tax Health Check
- Corporate Tax and Zakat Health Check
- Withholding Tax (WHT) Health Check
- e-Invoicing Health Check