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January 28, 2021
Saudi Arabia extends tax amnesty until 30 June 2021
On 21 January 2021, Saudi Arabia’s Ministry of Finance issued Ministerial Resolution (MR) No.2303, extending the General Authority of Zakat and Tax (GAZT) tax amnesty initiative until 30 June 2021.
MR No. 2303 provides relief from fines relating to tax returns, Value Added Tax return corrections, and tax payments due before 21 January 2021:
The relief does not apply to any fines that were paid before 21 January 2021, or to fines relating to tax evasion.
Except in the case of evasion, the amnesty also allows taxpayers to address prior filing positions without the imposition of fines.
For additional information with respect to this Alert, please contact the following:
Ernst & Young & Co (Public Accountants), Riyadh
Ernst & Young & Co (Public Accountants), Jeddah
Ernst & Young & Co (Public Accountants), Al-Khobar
Ernst & Young LLP (United States), Middle East Tax Desk, New York