ZATCA Urges Commercial Sector to Submit VAT Returns for May

The Zakat, Tax and Customs Authority (ZATCA) has called on commercial establishments subject to Value Added Tax (VAT) with revenues on goods and services that exceed SAR40 million to submit their VAT returns for May by June 30.

 ZATCA urged these establishments to submit their tax statements via zatca.gov.sa website or to pay via ZATCA smartphone application promptly, in order to avoid a fine of a minimum of 5% and a maximum of 25% of the tax value owed.

 The authority urged taxpayers in the commercial sector wishing to receive more information on VAT to contact it via the call center number 19993, which operates 24/7, through the X account @Zatca _Care, through e-mail info@zatca.gov.sa, or on instant chat via the authority's website.

 VAT is an indirect tax imposed on all goods and services purchased and sold by most establishments; some exceptions apply.