The Zakat, Tax, and Customs Authority has urged businesses subject to Value Added Tax (VAT), whose annual supplies of goods and services exceed 40 million SAR, to submit their tax returns for November no later than December 31 of the current year.
The authority has encouraged businesses to promptly submit their tax returns through its official website (zatca.gov.sa) or via the ZATCA mobile application, to avoid penalties for late submission. The fine ranges from a minimum of 5% to a maximum of 25% of the tax amount that should have been declared.
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