On 17 August 2020, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia has issued a press release, through which they cancel the fines initiative and exemption from financial sanctions for taxpayers until 30 September 2020 in response to the COVID-19 pandemic.
The initiative also exempts taxpayers who are not registered with the authority from fines for late registration, delay in submitting the tax declaration, and delay in paying the tax due, in the event that registration with the authority has been submitted and all tax declarations must be submitted and the taxes due under it are submitted, or a request to be paid in installments no later than 30 September.
The exemption period launched initially from 18 March 2020 to 30 June 2020 has been extended until 30 September 2020. The exemption is except for the implementation of suspension procedures which is extended till 31 August 2020.
On 23 August, GAZT also issued Guidance regarding this initiative extension on its website.
