Money & BusinessSaudi Arabia

Saudi: Fines on VAT reclassified

Saudi Arabia has announced reclassifying fines and penalties on the value added tax (VAT) related to field fines made due to taxpayers’ failure to commit to their tax duties and obligations.

As of yesterday, all field fines penalties start with notifying institutions first and raising the awareness of taxpayers without imposing any financial fines upon committing violations for the first time.

The financial fines are imposed only upon repeating the same violation with granting a grace period of up to three months of the date of the violation, so as to ensure rectifying the fine.

Non-field violations are not subject to the decision, such as tax evasion, failure of delay in referring tax statements, failure of delay in paying tax dues, and manipulating the filling of tax statements.


Saudi Gazette

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