ZATCA announced new classifications for the penalties imposed for some violations of VAT Law. The decision will be applicable as of 30 January 2022.
Key highlights of the decision
- Re-classification of violations and determining penalties, to begin with, first warning and educating the taxpayer before imposing a monetary;
- Granting the violator an appropriate period of up to 3 months from the date of inflicting the penalty to correct the violation, except for the violation of preventing or…