Riyadh, November 05, 2024 – The Zakat, Tax, and Customs Authority (ZATCA) has issued an important reminder to all establishments in Saudi Arabia subject to withholding tax, urging them to submit their October withholding tax forms by November 10. Timely submission will help businesses avoid penalties and ensure compliance with the Kingdom’s tax regulations.
According to ZATCA, failing to submit the required forms by the due date may result in a late payment penalty, calculated at 1% of the outstanding tax amount for every 30 days of delay from the original deadline. To make the process easier and more efficient, ZATCA has provided an online submission portal on its official website, zatca.gov.sa.
The authority also encourages business taxpayers who require further guidance on withholding tax requirements to reach out via multiple support channels. ZATCA’s unified call center is available 24/7 at 19993, offering real-time assistance. In addition, taxpayers can connect through ZATCA’s X account, @Zatca_Care, send inquiries via email at [email protected], or use the instant messaging feature on the ZATCA website for immediate support.
Withholding tax in Saudi Arabia applies to all payments made to non-resident entities that do not have a permanent establishment in the Kingdom. This tax is imposed at rates specified in Article 68 of the Income Tax Law and Article 63 of its Executive Regulations, ensuring that foreign entities contribute fairly on income generated from Saudi sources.