Saudi Arabia: Penalty waiver for taxes, including VAT and excise tax, extended through December 2024

Amnesty initiative that waives fines and penalties relating to corporate income tax, withholding tax, VAT, excise tax, and real estate transaction tax

July 2, 2024

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:

  • Late registration under all tax laws and regulations
  • Delayed payment
  • Late filing of tax returns
  • Amendments in VAT returns
  • Violation of VAT field detections
  • Violation of electronic invoicing (e-invoicing) regulations

The amnesty initiative excludes the following fines:

  • Fines paid before the effective date of the initial amnesty initiative on 1 June 2022
  • Tax evasion fines
  • Fines associated with returns due after July 1, 2024

Mandatory requirements

To benefit from this tax amnesty, taxpayers must:

  • Register with ZATCA
  • Submit outstanding returns along with payment of tax liability due or application for an installment plan

For more information, contact a KPMG tax professional:

Philippe Stephanny | philippestephanny@kpmg.com

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP\'s . Privacy Statement

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline