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March 11, 2024 - BY amel alenazi

The Zakat and Tax Initiative: Waiving Fines and Easing Financial Burdens for Taxpayers

The Zakat, Tax, and Customs Authority is a cornerstone of the tax and fee system in Saudi Arabia, always striving to enhance tax awareness and facilitate tax procedures for taxpayers. In this context, the authority has launched a significant initiative aimed at alleviating financial burdens on taxpayers and encouraging their compliance with local tax regulations.


The "Waiving Fines and Financial Penalties" initiative provides a golden opportunity for taxpayers to rectify their tax situations. This initiative includes several benefits that make it easier for them to submit tax declarations and settle accumulated debts without incurring fines and financial penalties imposed due to delays or errors in compliance with tax regulations.


One of the key advantages of this initiative is the exemption of taxpayers from fines for late registration in all tax systems, late payment, and late submission of declarations in all tax systems. The initiative also includes an exemption from the fine for correcting Value-Added Tax declarations and fines for field control violations, representing a positive step towards enhancing tax compliance and motivating taxpayers to submit accurate and timely declarations.


Notably, the initiative also offers the possibility of tax debt installment, allowing taxpayers to apply for installment of debts during the initiative's period, provided they commit to paying the due installments according to the approved plan. This helps alleviate their financial burden and contributes to easing financial pressure.


It is worth mentioning that this initiative is part of the authority's efforts to enhance communication with taxpayers and provide them with support and assistance. The authority offers various communication channels and methods for obtaining information and submitting inquiries, including the national contact center (19993), its account on platform X (@Zatca_Care), email, and instant messaging through its website.


Therefore, all taxpayers should take advantage of this opportunity and expedite their compliance with local tax regulations and rectification of their tax situations during the initiative's period to avoid incurring further fines and financial penalties, contributing to building a stronger, more transparent, and fairer tax system.