Saudi Arabia warns firms to file withholding tax by November 10 or face fines
ZATCA emphasised that companies must meet the deadline to avoid late payment penalties, which amount to 1 per cent of the unpaid tax for every 30 days of delay past the due date. The…
ZATCA emphasised that companies must meet the deadline to avoid late payment penalties, which amount to 1 per cent of the unpaid tax for every 30 days of delay past the due date.
The authority also reminded taxpayers that withholding tax applies to all payments made from sources within the Kingdom to non-resident entities that do not maintain a permanent establishment in Saudi Arabia, in line with Article 68 of the Income Tax Law and Article 63 of its implementing regulations.
Saudi tax warning
For inquiries or assistance, taxpayers can reach ZATCA through multiple channels, including:
More from Capital & Sovereign Wealth Desk
Saudi Logistics Plan Moves From Strategy to Capacity
Saudi Arabia’s logistics agenda is becoming a national competitiveness test as the kingdom works to connect ports, airports,…
India–GCC FTA Talks Put Trade Corridor in Focus
India and the GCC have moved from strong trade flows to a more formal negotiation over rules, services,…
Gulf Wealth Funds Take Wider Role in National Strategy
Sovereign investors across the Gulf are increasingly operating as instruments of industrial policy, global capital influence and domestic…