ZATCA Urges Businesses to File VAT Returns for August

The Zakat, Tax and Customs Authority (ZATCA) called on businesses subject to value-added tax (VAT) whose annual supplies of goods and services exceed SAR40 million to submit their tax returns for August no later than September 30.
 ZATCA urged businesses to expedite filing their returns through its website (https://zatca.gov.sa/ar/Pages/default.aspx) or via the smartphone application 'ZATCA' to avoid penalties for late submission, which range from a minimum of 5% to a maximum of 25% of the VAT due.
 ZATCA also encouraged taxpayers from the business sector seeking further information on VAT to contact its call center at the unified number 19993, which operates 24/7, or through its X account (@Zatca_Care), email (info@zatca.gov.sa), or live chat service on its website.
 VAT is one of the tax systems currently in effect in the Kingdom of Saudi Arabia. It is an indirect tax imposed on all goods and services bought and sold by businesses, with certain exceptions.