Tax Amnesty extended to 31 May 2023

30 November 2022: The Zakat, Tax and Customs Authority (ZATCA) has announced that the Tax Amnesty for the waiver of fines on certain taxes, including Corporate Income Tax (CIT), Withholding Tax (WHT), Value Added Tax (VAT) and Real Estate Transaction Tax (RETT) has been extended for an additional six months from 1 December 2022 until 31 May 2023.

The fines covered by the Tax Amnesty are for late registration with ZATCA, late payment, late submission of returns, corrections to VAT returns and violations of e-invoicing and general VAT requirements. The Tax Amnesty does not cover fines imposed for tax evasion and fines already paid.

To benefit from the Tax Amnesty, taxpayers must:

• be registered with ZATCA;
• submit all outstanding returns and correct any incorrectly disclosed taxes in previously filed returns; and
• pay all the principal tax debt related to the submitted and amended returns or agree on an instalment plan with ZATCA and make the required payments before the expiry of the Tax Amnesty.

What does this mean for your business?
 

The Tax Amnesty provides an excellent opportunity for taxpayers to review their past tax returns and make any required corrections and/or file any outstanding tax returns. We recommend taxpayers start reviewing their tax returns and filing obligations soon as possible.

How Deloitte can help
 

We have designed an approach and methodology to support taxpayers to identify errors in their past tax returns.