Saudi Arabia: “Zakat and Tax” carries out 10,000 inspections during Ramadan

Zakat, the tax and customs authority of Saudi Arabia carried out 10,000 inspections during the month of Ramadan, to markets and shops in various regions and cities of the Kingdom.

The authority explained that the visits made by its supervision and inspection groups in collaboration with the national program to combat commercial cover-up included a number of commercial sectors, in in particular: retail, restaurants and professional services offices, noting that these visits aim to improve compliance with the provisions of the tax legislation in force in the Kingdom.

The Authority stated that the rate of compliance with the tax legislation on which these visits were carried out reached over 87% in most shops and markets, while limited violations were found, represented by the failure to issue electronic tax invoices. , and from the mismatch of the QR code with the requirements of the authority, as well as checking for Other violations as required by the system.

The Zakat Tax and Customs Authority has confirmed that its inspection visits to markets, shops and service shops fall within the context of its control efforts carried out by field inspection teams, with the aim of improving the degree of tax compliance. among business sector taxpayers, and restricting business transactions that violate instructions and controls that fall within the jurisdiction of the authority.

The authority has invited consumers to report any facility for which tax violations are found, through the site web official (zatca.gov.sa), or via the authority’s smartphone application, where the authority offers incentive rewards to those who report tax violations at a rate of 2.5% of the value of the violations and penalties, with a maximum of one million riyals or 1,000 riyals as a minimum.

Read More About: Business News