ZATCA exempts taxpayers from widescale fines and financial penalties

The Zakat, Tax, and Customs Authority (ZATCA) announced an initiative to suspend fines and penalties for taxpayers subject to all tax laws in the Kingdom, starting from 1 June 2022 until 30 November 2022.

Following fines have been included in the exemption decision:

• Penalties imposed for late registration in all tax systems;
• Late payments fines;
• Late submission of the declaration in all tax systems;
• Late correcting fines of the declaration for value-added tax;
• Fines related to the violat…