Amnesty initiative that waives fines and penalties relating to corporate income tax, withholding tax, VAT, excise tax, and real estate transaction tax
The Zakat, Tax and Customs Authority of Saudi Arabia (ZATCA) has extended to December 31, 2024, the amnesty initiative that waives fines and penalties relating to corporate income tax, withholding tax, value added tax (VAT), excise tax, and real estate transaction tax.
The amnesty initiative applies to fines related to:
The amnesty initiative excludes the following fines:
To benefit from this tax amnesty, taxpayers must:
For more information, contact a KPMG tax professional:
Philippe Stephanny | philippestephanny@kpmg.com