Media ININ Economy We Trust
Media In / Riyadh 25 October
The General Authority for Zakat and Income of Saudi Arabia has noted that all establishments registered in the value added tax, whose annual revenues from taxable goods and services exceeds 40 million riyals,
And its tax revenues for the third quarter of the year, before the 31st of October, through the portal of the General Authority for Zakat and Income (GAZT.GOV). .SA.
The Zakat and Income Tax Authority confirmed that the penalty for not submitting the tax return within the specified period is not less than 5% and not more than 25% of the value of the tax that the establishment was required to recognize. Which are not paid for every month or part of which no tax has been paid. Those who are not obliged to submit their declarations on regular dates may be subject to the suspension of many government services.
