Downing Street indicates Netanyahu faces arrest if he enters UK    London's Gatwick airport reopens terminal after bomb scare evacuation    Civil Defense warns of thunderstorms across Saudi Arabia until Tuesday    Saudi Arabia, Japan strengthen cultural collaboration with new MoU    Slovak president meets Saudi delegation to bolster trade and investment ties    Saudi defense minister meets with Swedish state secretary    Navigating healthcare's future: Solutions for a sustainable system    Sixth foreign tourist dies of suspected methanol poisoning in Laos    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Trump picks Pam Bondi as attorney general after Matt Gaetz withdraws    Al-Jasser: Saudi Arabia to expand rail network to over 8,000 km    OMODA&JAECOO: Unstoppable global cumulative sales over 360,000 units    Al Hilal doesn't need extra support to bring new players, CEO says    Saudi Arabia sees 73.7% rise in investment licenses in Q3 2024    Rafael Nadal: Farewell to the 'King of Clay'    Indonesia shocks Saudi Arabia with 2-0 victory in AFC Asian Qualifiers    Sitting too much linked to heart disease –– even if you work out    GASTAT report: 45.1% of Saudis are overweight    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



GAZT extends penalty waiver period to three more months
Published in The Saudi Gazette on 06 - 10 - 2020

RIYADH — The General Authority of Zakat and Tax (GAZT) announced further extension of the period for benefiting from its initiative of "Canceling fines and exemption from financial penalties for taxpayers", by a period of three months, ending on Dec. 31.
This move of exempting penalty for the late payment of value added tax (VAT) returns is aimed at providing an opportunity for taxpayers to correct their financial conditions and enable them to perform their duties related to Zakat and tax, the Saudi Press Agency reported quoting the authority sources.
The penalty waiver initiative comes within the framework of the package of initiatives launched by the government to stimulate the economy and support the private sector in overcoming the financial and economic impacts caused by the outbreak of coronavirus pandemic.
Accordingly, the government announced some extraordinary measures on March 20 to support registered taxpayers to enable the business owners to postpone the submission of VAT returns and related payments, which fall due within the initiative period from March 18 to June 30.
This key measure was intended to help businesses deal with managing cash flows over the next few months.
Later on Aug. 17, GAZT announced that the penalty waiver and the financial penalty exemption that are part of the VAT amnesty introduced in March 2020 would be extended from June 30 to Sept. 30.
The extension allowed businesses to register for VAT and submit their VAT returns past the normal deadlines without any additional penalties. Also, businesses that were already registered got the opportunity to use the extended amnesty period to correct omissions or errors in previously filed returns.
GAZT stated that those taxpayers who have objections or claims regarding its decisions that were submitted before Sept. 30, and no final decision was issued in this regard by the competent judicial authority, can benefit from the new extension from Oct. 1 to Dec. 31, provided that the taxpayer commits to pay the principal tax due or make requests to be paid in installments during the extended period.
It also stressed that the initiative does not include the financial fines imposed on the taxpayer because of a tax evasion violation.
The authority called on those taxpayers, who wish to have more information about the initiatives that have been extended, to contact it via the uniform call center number 19993, which operates from 8 a.m. to 12 a.m., seven days a week, or customer care account on Twitter (@Gazt_Care), or e-mail ([email protected]), or via instant chats on GAZT's website -gazt.gov.sa


Clic here to read the story from its source.