Saudi Arabia Extends COVID-19 Penalty Relief Initiative by 6 Months

On 21 January 2021, the General Authority of Zakat and Tax (GAZT) has announced the extension of its penalty relief initiative in response to the COVID-19 pandemic by an additional six months to 30 June 2021. Penalty relief was previously provided up to 31 December 2020. As extended, 100% penalty relief is provided where the principal amount of outstanding tax due is paid from January to March 2021, 75% penalty relief is provided if paid from April to May 2021, and 50% penalty relief is prov…