COVID-19 Update: Saudi Arabia | Tax and VAT deadline extension

Important information for all incorporated companies in Saudi Arabia

To mitigate the impact on economic activities arising due to Pandemic (COVID-19), the government of Saudi Arabia has announced it will postpone the filing and the associated payments of the following for three months; Zakat, income tax, withholding tax, value-added tax, and excise tax due within the period from 18 March 2020 to 30 June 2020 as follows:

1. Zakat and income tax returns for the year ended 31 December 2019

Tax period Original due date Extended due date
Fiscal year 2019 ended 31 March 2019 29 April 2020 29 July 2020
  • GAZT will issue Zakat or tax certificates for the year 2019 without any restrictions.
  • There will be a suspension of fines for late payment of installments, fines for amendment of declarations, fines for noncooperation of taxpayers, and examination fines during the period of initiatives from 18 March 2020 to 30 June 2020.
  • Businesses who are filing the return now can also delay the payment of Zakat or tax till the extended due date. No cash advance or bank guarantee is to be furnished.

2. WHT returns, filing and payments extended for three months

Tax period Original due date Extended due date
March 2020 10 April 2020 10 July 2020
 April 2020 10 May 2020 10 August 2020
May 2020 10 June 2020 10 September 2020

Note: Due dates of returns from the month of June 2020 will not change.

3. VAT returns and payments extended for three months

Tax period Original due date Extended due date
February 2020 31 March 2020 30 June 2020
March 2020 30 April 2020 31 July 2020
 April 2020 31 May 2020 31 August 2020
  May 2020 30 June 2020 30 September 2020

Note: Returns from June 2020 will not be postponed.

Quarterly VAT returns

Tax period Original due date Extended due date
January to March 2020 30 April 2020 31 July 2020

Note: Returns in the second quarter (April to June 2020) will not be extended. The original due date of 31 July 2020 shall be applicable.

The deferral of VAT payment on imports does not require submitting any applications to GAZT. There will be a system-enabled mechanism of deferring the payment of tax for those who are VAT registered until 30 June 2020, provided that the deferred tax is recognized during the tax return for the same tax period in which the date of import took place.

Don’t miss our latest news updates!

KSA

Moon tower 3rd Floor
7586 King Fahd road, Riyadh
Phone: +966 11 411 1127

UAE

Office 3601, JBC 1,
Cluster G, JLT, Dubai
Phone: +971 44 508 208

Canada

1 Yonge Street, Suite 1801
Toronto, Ontario
Tel. +1 416 214 6888

Kuwait

Osama Building, Office 2,
AL-Qibla Block 11,
Fahed AL- Salem Street

India

No.500 Hegde Nagar Main road, Dr. shivarama karanth Nagar,
Bangalore 560077.
Phone: +91 804 394 4873

India

Phone: +966 11 411 1127
E-mail: [email protected]

India

Phone: +966 11 411 1127
E-mail: [email protected]

India

Phone: +966 11 411 1127
E-mail: [email protected]

India

Phone: +966 11 411 1127
E-mail: [email protected]

India

Phone: +966 11 411 1127
E-mail: [email protected]

India

Phone: +966 11 411 1127
E-mail: [email protected]

© Proven-sa.com. 2022. All rights are reserved.