The Saudi Zakat, Tax, and Customs Authority (ZATCA) has announced a 7-month extension of the relaunched penalty exemption initiative that was first introduced in response to the COVID-19 pandemic in 2020. The initiative was relaunched in 2022 and subsequently extended to 31 May 2023, and has now been further extended until 31 December 2023. As previously reported and explained in the English…