The Zakat, Tax and Customs Authority (ZATCA) has reminded businesses in Saudi Arabia with annual revenues exceeding SAR 40 million to submit their value-added tax (VAT) returns for February 2025 by March 31, 2025. Late submissions may incur penalties ranging from 5% to 25% of the tax due.
ZATCA encourages timely filing through its official website or smartphone application to avoid these fines.
VAT is an indirect tax levied on most goods and services in Saudi Arabia, with certain exceptions. Businesses are advised to ensure compliance to avoid penalties.
