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Saudi Arabia

23 June 2022

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Saudi Arabia Relaunches COVID-19 Penalty Exemption Initiative

The Saudi Zakat, Tax, and Customs Authority (ZATCA) recently announced the relaunch of its penalty exemption initiative that was first introduced in response to the COVID-19 pandemic in 2020. The initiative is relaunched with effect from 1 June 2022 to 30 November 2022 for all taxpayers. As explained in the English-language simplified guide on the penalty exemption initiative, exemptions are provided from:

  • Fines resulting from late registration under all tax systems or tax laws;
  • Fines for delayed (late) payment and tax return filing in all tax systems;
  • Fines resulting from the correction of a VAT return; and
  • Fines resulting from field detection of violations of VAT and e-invoicing.

In order to benefit from the initiative, specific conditions must be met, including but not limited to:

  • Registration in the tax system where registration is required for persons that are not registered; and
  • The filing of all tax returns not yet filed and/or returns for the correction of previously filed returns, and the payment of the full tax debt associated with such late and/or corrected tax returns.

Taxes covered by the initiative include VAT, Withholding Tax, Excise Tax, Income Tax, and Real Estate Transaction Tax (RETT).

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