Saudi Arabia Extends Tax Amnesty Initiative
Saudi Arabia has extended its tax amnesty initiative, offering businesses more time to review and rectify past tax filings without penalties. This update outlines the taxes covered, key deadlines, and steps organizations should consider to take advantage of the extension.
The Zakat, Tax and Customs Authority (ZATCA) has announced a further extension of its 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 errors related to e-invoicing. The amnesty extension applies to returns that must be submitted by 30 June 2025, with the initiative anticipated to end on 31 December 2025.
We have designed an approach and methodology to support businesses in identifying and correcting errors in past VAT returns and other taxes. Key focus areas include VAT and RETT Health Check, WHT Health Check, Excise Tax Health Check, Corporate Tax and Zakat Health Check, and e-Invoicing Health Check.
Read the full document for more.
