There is a big relief news for the taxpayers of Saudi Arabia. Zakat, Tax and Customs Authority (ZATCA) has extended its scheme to waive tax fines and penalties. Now people will be able to avail this facility till 30 June 2026.
This decision has been taken after the approval of the Finance Minister. This scheme is for those who want to fulfill their tax liabilities but were worried about the penalty amount.
Complete information about fine waiver
ZATCA has also released a simple guide in Arabic and English language on its website to help the taxpayers so that people can easily understand it.
The authority has also made it clear that this exemption does not mean that there should be a delay in following the rules. Especially strict instructions have been given regarding the rules of e-invoicing. People whose system is malfunctioning will have to fix it immediately as this time is given only to resolve technical issues.
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