ZATCA Urges Commercial Establishments to Submit VAT Statements for October

The Zakat, Tax and Customs Authority (ZATCA) has urged commercial establishments that have to pay value-added tax (VAT) and whose annual revenues on goods and services exceed SAR40 million to submit VAT statements for October no later than November 30.
ZATCA urged these establishments to submit their tax statements via website or to pay via ZATCA smartphone application, 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 X account @ Zatca _Care, through e-mail, 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.

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