Zakat, Tax and Customs Authority has called on businesses to submit their Zakat returns, and on foreign establishments to file their Income Tax returns for the fiscal year ending on December 31, 2024, by no later than April 30, 2025. This directive is based on Article 102 of the Executive Regulations for Zakat Collection, which states that zakat-paying entities must submit their Zakat return and settle the due amount within 120 days from the end of the zakat year. If the deadline falls on an official holiday, it is extended to the first working day after the holiday.
The same applies under Article 60 of the Income Tax Law for foreign entities, which requires submitting the tax return within 120 days from the end of the financial year covered by the return. If the deadline coincides with an official holiday, it is extended to the following working day.
The Authority also urged VAT-registered entities whose annual taxable supplies exceed SAR 40 million to file their VAT returns for March 2025. Meanwhile, businesses with annual supplies of SAR 40 million or less must submit their VAT returns for the first quarter of 2025. The deadline for all VAT submissions is April 30, 2025.
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