Saudi Arabia finally ends its tax amnesty
Saudi Arabia closed its amnesty for taxpayers on May 31. This is more than three years after it was opened in March 2020 to reduce the impact of COVID-19 on Saudi businesses.
The Saudi tax amnesty exempted businesses from punitive measures for being non-compliant with VAT rules. This included everything from late tax registrations and delayed payments to incorrect VAT returns and breaches of e-invoicing rules.
Saudi Arabia introduced VAT in 2018 as part of a regional effort to harmonise tax law between the Arab Gulf states. The initial VAT regime was still very new when the pandemic forced Saudi Arabia to launch an amnesty.
It was originally planned to end in 2021, but it was extended repeatedly until a final six-month extension was approved in December 2022.
However, the amnesty does not cover fines paid before the date on which it was introduced, penalties resulting from tax evasion or fines for overdue payments become payable after 31 May.
First, please LoginComment After ~