"GAZT ": Today is the VAT registration deadline for businesses with annual supplies of SAR 375,000 or more
Riyadh, 20 December 2018:
The General Authority for Zakat and Tax (GAZT) announced that today (Thursday, December 20, 2018) is the VAT registration deadline for businesses with annual supplies of SAR 375,000 or more.
In a statement, GAZT praised the large number of businesses which have already registered in ahead of the deadline and all those who have not yet done so to quickly register via the website (vat.gov.sa).
Businesses that fail to register VAT on time will result in a number of fines and penalties related to non-compliance with the tax returns and non-payment of the tax amount due, as well as the suspension of several government services.
Recently, GAZT launched several field inspections campaigns targeting businesses with annual supplies of SAR 375,000 or more in various regions of the Kingdom in order to educate them on the VAT registration and tax return filing processes and mechanisms.
Businesses are encouraged to visit the GAZT website (vat.gov.sa) to access a wide range of useful tools and guidance materials to help ensure their tax readiness and compliance. They may also contact GAZT for all their VAT-related questions via its call center (19993), Twitter (@SaudiVAT), or e-mail (email@example.com).