Mar 30, 2020 1 min read

Tax Stimulus Package in Saudi Arabia

Article Navigation

Saudi Arabia – Tax Incentives Introduced to Stimulate Economy and Support Private Sector.
Due to the global outbreak of COVID-19, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia has introduced the following initiatives:

  1. Monthly VAT returns submission deadlines have been extended as follows:
Monthly vat return periodOriginal return due dateExtended return due date
Feb 202031 March 202030 June 2020
March 202030 April 202031 July 2020
April 202031 May 202031 August 2020
May 202030 June 202030 September 2020

2. Quarterly VAT returns submission deadlines have been extended as follows:

Monthly vat return periodOriginal return due dateExtended return due date
1st Quarter (Jan - Mar 2020)30 April 202031 july 2020
2nd Quarter (April - June 2020)31 july 202031 july 2020

The VAT returns filing date for all subsequent VAT periods remain unchanged.

3. Zakat and Corporate Income tax returns due during 19 March to 30 March 2020 have been extended by 3 months. For example, if the original due date was on 19 March 2020 then the extended due date is 19 June 2020.

4. Other stimuluses:

Mercans Recommends

View PDF

Tax Stimulus Package Announced by Saudi Arabia
Size

1.06 MB

Article Navigation

Most viewed posts

View all posts

Avasant Selects Mercans as a Leader in Payroll Business Process Tra...

The meticulous research methodology employed by Avasant included analyzing publicly available information like SEC filings, annual reports, and executive interviews, along with engaging in discussions and market interactions.

Dec 22, 2023 4 min read

Global BPO Leader Infosys Selects Mercans’ Payroll Tech to Power i...

This partnership brings together Mercans' disruptive payroll tech and Infosys' consulting and BPO capabilities to create the most tech advanced and operationally resilient global payroll offering.

Sep 26, 2023 3 min read

Mercans: A Leader in Global Managed Payroll – ISG Provider Lens™ 2023

Payroll solutions and services study meticulously assessed 36 vendors across three distinct quadrants, and Mercans proudly emerged as a frontrunner.

Nov 9, 2023 2 min read