The Zakat, Tax, and Customs Authority (ZATCA) initiative in Saudi Arabia relating to the waiver of fines and penalties is set to expire on 31 December 2023.

We highly encourage taxpayers to take advantage of the amnesty scheme in a timely fashion  and meet the compliance requirements of corporate income tax, withholding tax, value-added tax, excise tax, and real etate transaction tax.

Mandatory requirements:

To benefit from the tax amnesty, the following are the mandatory requirements:

  • Registration of business with ZATCA for the applicable taxes.
  • Submission of outstanding returns along with payment of due tax liability or applying for an installment plan.

Note: It is important to note that taxpayers have the right to make payment of due taxes in installments according to an installment plan approved by ZATCA, and taxpayers can benefit from a waiver of late payment penalties for the installments due after the end of December 2023. 

How can KPMG support?

We consider the amnesty initiative as an opportunity for your business to ensure compliance with tax laws and regulations.

Our tax team is available to support your business in the below activities to avail the benefits of this amnesty.

  • Review of the assessments raised by ZATCA to evaluate the benefit of availing the amnesty.
  • Health check review for your submitted tax returns.
  • Review and submission of any outstanding returns.
  • Review and submission of amended returns, where needed.
  • Assist in the submission of the installment plan with ZATCA.

The announcement is available on ZATCA’s website. For any additional information with respect to this alert, please contact our tax team as follows:  

Riyadh Office

Tareq Al Sunaid

Head of Tax

E: talsunaid@kpmg.com

Salam Eido

Partner, Head of Tax - Riyadh

E: seido@kpmg.com

 

Ali Sainudheen

Partner, Domestic Tax

E: asainudheen@kpmg.com

 

Sadia Nazir

Senior Director, Head of Transfer Pricing and International Tax

E: sadianazir@kpmg.com

Jigna Sampath

Senior Director, Transfer Pricing/Tax Leader, Financial Sector

E: jignasampath@kpmg.com

Ajay Garg

Principal, Indirect Tax

E: gajay@kpmg.com

Amr Alsaleh

Director, Domestic Tax

E: amralsaleh@kpmg.com

 

Oleg Shmal

Director, Indirect Tax

E: oshmal@kpmg.com

 

Jeddah Office

Faisal Tanvir

Partner, Head of Tax - Jeddah

E: ftanvir@kpmg.com

Anan Sijini

Director, Domestic Tax

E: asijini@kpmg.com

Asadullah Azmat

Director, Indirect Tax

E: aazmat@kpmg.com

Khobar Office

Mohammad Kamran Sial

Partner, Head of Tax - Khobar

E: ksial@kpmg.com

Mohamed Gouda

Director, Domestic Tax

E: mohamedgouda@kpmg.com

 

Anil Bahl

Director, Indirect Tax

E: anilbahl@kpmg.com