On 1 June 2022, the Zakat, Tax and Customs Authority (ZATCA) announced the relaunch of an amnesty scheme 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 pertaining to e-Invoicing.
The period to apply for the relief started on 1 June 2022 and will end on 30 November 2022.
In light of the above, Deloitte held a webinar in both English and Arabic on Wednesday, 22 June 2022 and Thursday, 23 June 2022 where we discussed the following topics:
- Recent tax developments in KSA
- What is included under the current Penalty Amnesty scheme and what is not
- Conditions and procedures to avail from the Amnesty
- Other considerations and recommendations