ARTICLE · 04 FEBRUARY 2025

Key Legal Updates December 2024

Harasani & Alkhamees Law Firm

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The Saudi Zakat, Tax and Customs Authority has announced the extension of the initiative to waive fines and exempt taxpayers from financial penalties under all tax systems for an additional six months...

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Harsani & AlKhamees Law Firm

Relaunch of "Taxpayer Fines Waiver and Exemption" Initiative

The Saudi Zakat, Tax and Customs Authority has announced the extension of the initiative to waive fines and exempt taxpayers from financial penalties under all tax systems for an additional six months, until June 30, 2025.

The Authority clarified that the initiative includes exemptions for taxpayers from fines related to delays in registration under all tax systems, delays in payment, delays in filing returns under all tax systems, as well as fines for correcting VAT returns, fines for field inspection violations related to the implementation of e-invoicing provisions, and other general provisions of the VAT law.

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