Afraid of KSA VAT Penalties? We got your back!

For business owners, Government regulations, especially tax-related, can lead to a lot of unexpected pain in both present and future.

Business owners may be fined by tax authorities even for late payments or discrepancies in accounting.

It is well-known that tax authorities in Saudi Arabia are strict and stringent in enforcing the tax laws and penalizing even improper filing of returns.

Let our expert accountants look into your accounts to help you sort through the Value Added Tax (VAT) that needs to be paid, while arriving at the financial health of your business. Yes, Profit and Loss accounts matter as much as the taxes that need to be paid.

A clear picture of the financial health of your business can help you scale up, grow your business and plan ahead. Use this window of the Government’s initiative “Cancellation of Fines and Exemption of Penalties,” to get exemptions and waiver of penalties for improper filing in the previous years!

The Saudi Government has cautioned that the window will close on December 31, 2023. So, let us help you take advantage of the window to help you avoid fines and penalties for current as well as previous years!