The Saudi Zakat, Tax, and Customs Authority (ZATCA) has announced the issuance of a decision by the Minister of Finance to extend the penalty exemption initiative that was first introduced in response to the COVID-19 pandemic in 2020 and reintroduced in 2022, followed by subsequent extensions. Previously scheduled to expire on 31 December 2025, the initiative has now been extended by 6 months to 30 June 2026.
ZATCA has also published an updated Simplified Guideline on the initiative consid…