ZATCA's Fines Relief: Your Last Chance for Tax Compliance
The Zakat, Tax, and Customs Authority (ZATCA) is announcing the final days of its "Tax Fines and Penalties Waiver Initiative," ending on December 31, 2023. This program offers a vital opportunity for you to align with tax laws while benefiting from reduced penalties.
This initiative encompasses penalties for late tax registration, delayed payments, and tardy filing under all tax legislations. It also includes fines for amending VAT returns and breaches related to e-invoicing rules.
To be eligible, you must be a registered taxpayer, file all outstanding returns, and settle any primary tax dues. ZATCA provides an option for an installment plan to facilitate these payments, but applications must be in before the deadline, with timely installment payments. Keep in mind, this initiative excludes penalties for tax fraud and fines imposed before the program's start.
ZATCA has made the initiative's details available in a user-friendly format on its website. This includes information on which penalties are eligible, criteria for exemption, and how to arrange installment payments for outstanding amounts and resolve field control issues.
As the deadline of December 31 looms, ZATCA urges all taxpayers to use this chance to regularize their tax situations. This program not only eases financial burdens but also promotes a responsible and transparent tax culture.
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