Home / Knowledge Hub / News
Government Relief Measures for KSA during COVID-19
The General Authority for Zakat and Tax (GZAT) in the Kingdom of Saudi Arabia (KSA) has announced a number of measures to assist businesses overcome the difficulties arising from the COVID-19 pandemic.
The due dates for filing tax returns that are due for periods ending between 18 March 2020 and 30 June 2020 have been extended for three (3) months. The concerned returns include those for:- Zakat and Corporate Income Tax
- Withholding Tax
- Value Added Tax
- Excise Tax.
The following tax returns will be affected:
| TAX | TAX RETURN PERIOD | DUE DATE | DEFERRED
DUE DATE |
|
| Value Added Tax | 1 January 2020 | 31 March 2020 | 30 April 2020 | 31 July 2020 |
| Value Added Tax | 1 February 2020 | 29 February 2020 | 31 March 2020 | 30 June 2020 |
| Value Added Tax | 1 March 2020 | 31 March 2020 | 30 April 2020 | 31 July 2020 |
| Value Added Tax | 1 April 2020 | 30 April 2020 | 31 May 2020 | 31 August 2020 |
| Value Added Tax | 1 May 2020 | 31 May 2020 | 30 June 2020 | 30 September 2020 |
| Excise Tax | 1 March 2020 | 30 April 2020 | 15 May 2020 | 15 August 2020 |
| Withholding Tax | 1 March 2020 | 31 March 2020 | 10 April 2020 | 10 July 2020 |
| Withholding Tax | 1 April 2020 | 30 April 2020 | 10 May 2020 | 10 August 2020 |
| Withholding Tax | 1 May 2020 | 31 May 2020 | 10 June 2020 | 10 September 2020 |
| Zakat and Corporate Income Tax | 1 January 2019 | 31 December 2019 | 30 April 2020 | 31 July 2020 |
- Fines resulting from delayed tax return submissions and tax payments have been suspended for the period from 18 March 2020 till 30 June 2020
- Fines resulting from non-cooperation from a taxpayer and for examination by GZAT have been suspended for the period from 18 March 2020 till 30 June 2020
- Fines for late payment of installments have been suspended for the period from 18 March 2020 till 30 June 2020
- The submission of bank guarantees to GZAT has been suspended for the period from 18 March 2020 till 30 June 2020
- Temporary deferment of Value Added Tax payments for the import of goods by a tax registrant for its economic activities that is payable to the Customs Authority in accordance with the applicable VAT Return for the period which relates to the import
- Temporary deferral of Excise Tax payable to the Customs Authority on the import of goods subject to excise tax on condition of payment and the submission of a temporary declaration on the deferred due date
- Deferral of the collection of customs duties for a period of thirty days upon submission of a suitable bank guarantee for the next three months
- GZAT is to expedite all refund payments due to taxpayers
Authored byHead of Indirect Tax and Conveyancing,John Peacock
Related Insights
The UAE's Removal from FATF Grey List: A Victory of Public-Private Partnership and Promising Economic Prospects
The United Arab Emirates (UAE) achieved a significant milestone on...
UAE Golden Visa: Dubai makes major change to property down payment requirement
What is the new rule and how is it different...
Overview of the DNFBP AML Requirements in the UAE with a specific focus on real estate brokers
Designated Non-Financial Business or ProfessionIn the context of the United...
General Commercial Gaming Regulatory Authority (GCGRA) – New Era in Legal Gaming
The Emirates News Agency recently announced the official establishment of...
UAE SME's brace for new Corporate Tax Law
The implementation of corporate tax in the UAE is imminent...
VAT update: UAE announces changes to provisions
The Amendment Law amends some provisions of the Federal Decree-Law...
UAE Corporate Tax: Transfer Pricing
When the Ministry of Finance (MOF) announced the implementation of...
Payment Orders in Saudi Arabia: An Effective Legal Mechanism for Debt Collection in the Fast-Paced Commercial World
In the dynamic commercial landscape of Saudi Arabia, where time is a critical factor, the need for swift and decisive...
Vision 2030 and the RHQ Program: Navigating New Opportunities and Exemptions for Multinational Corporations in Saudi Arabia
Saudi Arabia's ambitious Vision 2030 continues to unfold, with the Regional Headquarters (RHQ) Program playing a pivotal role in reshaping...
Navigating the Changing Landscape of Government Procurement in KSA
The Kingdom's regulatory environment is constantly evolving in response to the dynamic global business landscape. The most recent evolution comes...
(Re) Insurance Legal Update – Saudi Arabia: The New Saudi Civil Code– Coverage Issues and Wider Implications for the (Re)insurance markets
Writing and reinsuring business from and within the Kingdom of Saudi Arabia has always presented challenges to the (re)insurance markets,...
Saudi Arabia's Innovative Special Economic Zones Set to Propel the Kingdom's Economy
IntroductionSaudi Arabia has recently unveiled four new Special Economic Zones (SEZs) across the country, bolstering its reputation as a global...
Electronic Promissory Notes in KSA: The Nafith Platform
Promissory notes are an important part of financing transactions in the Kingdom of Saudi Arabia as it is a relatively...
The New Companies Law in the Kingdom of Saudi Arabia: What to Expect.
On June 28, 2022, the Saudi Council of Ministers in the Kingdom of Saudi Arabia (the ‘Kingdom’ or ‘KSA’) approved...
The New Anti-Concealment Law in Saudi Arabia
As part of the Saudi Vision 2030, which aims to reduce the Kingdom of Saudi Arabia's (the "Kingdom") dependence on...
GCC Restructuring & Insolvency Report
The worldwide economic distress caused by the ongoing Covid-19 pandemic has certainly not spared the GCC region. The pandemic has...
Update Saudi Companies Law
Update to the Saudi Companies Law,Reporting of losses in Saudi Companies, Appointment of auditors, and Remote Board of Directors Meetings...