Saudi Arabia further extends tax amnesty initiative through 30 June 2024

03 January 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Saudi Arabia

Saudi Arabia has extended its existing tax amnesty initiative program for six months, effective from 1 January 2024 to 30 June 2024.
The extension allows taxpayers and businesses another chance to settle their tax obligations and benefit from the relevant exemptions or relief.

Executive summary

On 29 December 2023, Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) announced through its website that it is further extending the "Cancellation of Fines and Exemption of Financial Penalties" …

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