Ready to play
Ready to play
The Zakat, Tax and Customs Authority (ZATCA) has urged VAT-registered businesses with annual supplies exceeding 40 million SAR to file their tax declarations for September 2026. Meanwhile, those with supplies below this threshold have been asked to submit their third-quarter declaration for the same year, by October 31, 2026. The authority emphasized the importance of promptly submitting declarations and paying the tax through its application to avoid late payment penalties, which range from 5% to 25% of the due tax. Value Added Tax (VAT) in Saudi Arabia is an indirect tax imposed on most goods and services, with some exceptions.
Notice: This Is an AI-Generated Summary
Comments (0)