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Zatka urges VAT declarations for July
The Zakat, Tax and Customs Authority (ZATCA) has urged business entities subject to Value Added Tax (VAT) with annual supplies exceeding 40 million Riyals to submit their tax returns for July before August 31, 2026. The authority emphasized the importance of promptly filing the returns and making the payments through its app to avoid late penalties of up to 25% of the due tax. The section also included a general overview of the VAT in the Kingdom, which is imposed on most goods and services with some exceptions.
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