The Saudi Zakat, Tax, and Customs Authority (ZATCA) recently announced the relaunch of its penalty exemption initiative that was first introduced in response to the COVID-19 pandemic in 2020. The initiative is relaunched with effect from 1 June 2022 to 30 November 2022 for all taxpayers. As explained in the English-language simplified guide on the penalty exemption initiative, exemptions are provided from:
- Fines resulting from late registration under all tax systems or tax laws;
- Fines for …