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) on December 29, 2024, announced the extension until June 30, 2025, of 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 initiative had previously been extended until December 31, 2024. Read TaxNewsFlash
The amnesty initiative applies to fines related to:
The amnesty initiative excludes the following fines:
To benefit from this tax amnesty, taxpayers must:
Philippe Stephanny | philippestephanny@kpmg.com