Saudi Urges Passengers To Declare Cash, Precious Metals Worth SR60K or More
Saudi Arabia’s customs authorities have urged passengers, arriving in or leaving the country, to declare their possession of cash or precious metals worth SR60,000 or more, warning defaulters could face a fine of up to 50 per cent of their value.
The Kingdom’s Zakat, Tax and Customs Authority (ZATCA) has said that failure to declare the cash or jewellery of this value or an incorrect declaration makes the passenger liable to a fine of 25 per cent of the value of the seized items for the first time, increased to 50 per cent when repeated.
In case the seized items are suspected to be linked to a crime or money laundering, they will be fully impounded and the offender referred to public prosecution according to the kingdom’s anti-money laundering law.
ZATCA has stressed the necessity for international travellers to declare cash and precious metals of SR60,000 or more. The authority has explained that passengers arriving in or departing from the kingdom have to declare such cash or metal possessions electronically before reaching the entry or exit point via ZATCA app on smartphones or log onto its declaration page on the website zatca.gov.sa, or head to the declaration offices at customs points on arrival or departure.
