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مجلس نيوز | majlis-news
The General Authority for Zakat and Income announced in a statement, the extension of the initiative to cancel fines and exemption from financial penalties on taxpayers for an additional period of six months ending on June 30, 2021 AD, as a continuation of the initiatives that aim to reduce the financial and economic impact on the private sector as a result of the measures taken to counter the spread of the Coronavirus .
The last initiative includes exempting taxpayers from the fines for late payment and late submission of the declaration stipulated in all tax systems, in addition to the tax correction fine stipulated in the value-added tax system, and associated with declarations that are due to be submitted and / or paid to the Authority before the date of the decision.
The authority stated that the taxpayer is exempt from fines by 100% if he pays the principal tax debt related to the declaration from which the fine or fines arose – in full – during the period from January to March of this year, while the taxpayer is exempted from fines by 75% if he Pay the original tax debt related to the declaration from which the fine or fines arose in full – during the period from April to May of the current year, and at the rate of 50% if he pays the principal tax debt related to the declaration from which the fine or fines arose – in full – during the month of June of the year 2021 m.
The exemption is also applied to the same fines referred to previously in this statement, which may arise from any assessment or re-evaluation made by the Authority for any tax return that must be submitted to the Authority before the date of this initiative (before the date of 06/08/1442 AH), provided that the taxpayer pays The original tax debt related to the tax return that has been fully assessed or re-assessed by the Authority, with exemption percentages applied in accordance with the deadlines during which the principal tax debt is paid according to the rates set out previously above. The Authority stated that the last initiative includes exemption from the unpaid fines referred to previously in this statement, at a rate of 100%, if the principal tax debt related to it has been fully paid before the effective date of this initiative (before 06/08/1442 AH).
Zakat and income affirmed that the initiative does not include exemptions from any fines inflicted by the authority other than fines for late payment, late submission and correction of the declaration, and also does not include fines inflicted on the basis of tax evasion violations, as well as fines that were paid before the date on which this initiative came into effect ( Before 06/08/1442 AH).
The authority called on all persons wishing to know more details about the initiatives to view its guideline, which will be issued later, by visiting the authority’s website (click here https://www.gazt.gov.sa/), Or contact the call center on the unified number 19993 or the customer care account on Twitter, Gazt_Care, or by e-mail infogazt.gov.sa, or online chats via the authority’s website (click here https://www.gazt.gov.sa/).
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