Saudi Businesses Urged to Submit VAT Returns by November 30 to Avoid Fines

Riyadh, November 21 (Saudi Arabia Breaking News) – Saudi Arabia's Zakat, Tax, and Customs Authority (ZATCA) has reminded businesses to submit their Value Added Tax (VAT) returns for October by November 30 or face penalties.

VAT Compliance Requirements

Businesses subject to VAT, particularly those with annual supplies exceeding SAR 40 million ($10.7 million), are required to submit their returns on time. VAT is an indirect tax applied to most goods and services supplied or acquired by businesses in the Kingdom, with specific exceptions.

Late Filing Penalties

ZATCA has warned that late submissions will result in fines ranging from 5% to 25% of the tax amount due. The authority encourages timely filing through its official website, zatca.gov.sa, or via the ZATCA mobile app.

Support for Taxpayers

Businesses seeking assistance or information on tax-related matters can reach ZATCA through multiple channels:

Phone: 19993
X (Twitter): @Zatca_Care
Email: info@zatca.gov.sa
Website: www.zatca.gov.sa

The Kingdom’s stringent enforcement of VAT compliance reflects its commitment to maintaining fiscal discipline and ensuring that businesses adhere to national tax regulations. Businesses are urged to act promptly to avoid penalties and maintain compliance.