Saudi Arabia Issues Reminder on COVID-19 Penalty Relief Initiative

On 14 March 2021, the General Authority of Zakat and Tax (GAZT) issued a notice to remind taxpayers to take advantage of its penalty relief initiative that was introduced in response to the COVID-19 pandemic. The initiative, which was extended to 30 June 2021, includes 100% penalty relief where the principal amount of outstanding tax due is paid from January to March 2021, 75% penalty relief i…
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