Riyadh: The Zakat, Tax, and Customs Authority (ZATCA) has called on commercial establishments subject to value-added tax (VAT) and whose annual revenues on goods and services exceed SAR 40 million to submit VAT statements for December and Q4 of 2024 by January 31, 2025.
According to Saudi Press Agency, ZATCA urged these establishments to submit their tax statements via the zatca.gov.sa website or through the ZATCA smartphone application promptly to avoid penalties ranging from a minimum of 5 percent to a maximum of 25 percent of the tax value owed.
The authority urged taxpayers in the commercial sector seeking additional information on VAT to contact its 24/7 call center at 19993, reach out through its X account @Zatca_Care, send an email to [email protected], or use the instant chat feature available on its website, zatca.gov.sa.
VAT is an indirect tax imposed on most goods and services purchased and sold by establishments, with certain exceptions.