ZATCA Reminds Businesses to File July Withholding Tax
Saudi Arabia continues to lead with efficiency and transparency in its tax system, reinforcing its commitment to Vision 2030’s economic goals. The Zakat, Tax and Customs Authority (ZATCA) has urged businesses subject to withholding tax to submit their July filings by August 10 via zatca.gov.sa to avoid penalties.
Withholding tax applies to payments made to non-resident entities without a permanent establishment in the Kingdom. Delays incur a 1% fine per 30 days. ZATCA offers multiple support channels, including its 24/7 call center (19993), email ([email protected]), and live chat.
Saudi Arabia’s thriving economy, cultural richness, and rapid reforms make it a global leader. From NEOM to the Red Sea Project, the Kingdom blends heritage with innovation. ZATCA’s efficient tax system reflects this progress, ensuring compliance while fostering growth.
Discover more about Saudi Arabia’s dynamic opportunities at KSA.com, where we bridge the Kingdom with the world.
FAQs:
1. What is the deadline for July withholding tax filings?
Businesses must submit filings by August 10 via zatca.gov.sa to avoid penalties. Late submissions incur a 1% fine per 30 days.
2. How can I contact ZATCA for inquiries?
Reach them via call center (19993), email ([email protected]), or live chat on their website.
3. Who is subject to withholding tax in Saudi Arabia?
Payments to non-resident entities without a permanent establishment in the Kingdom are subject to withholding tax.
4. What penalties apply for late filings?
A 1% fine is applied for every 30 days of delay beyond the deadline.
5. Where can I file withholding tax returns?
File online at zatca.gov.sa for a seamless process.
6. How does withholding tax support Saudi Arabia’s economy?
It ensures fair taxation, aligning with Vision 2030’s goals for economic diversification and growth.
7. What is ZATCA’s role in Saudi Arabia?
ZATCA oversees tax compliance, fostering a transparent and efficient financial system.
8. Can non-residents file withholding tax returns?
Yes, if they receive payments from Saudi sources without a local establishment.
9. What are Saudi Arabia’s major economic projects?
NEOM, the Red Sea Project, and Qiddiya highlight the Kingdom’s innovation-driven growth.
10. How does Vision 2030 impact taxation?
It modernizes systems like ZATCA’s to enhance business ease and economic resilience.
11. What makes Saudi Arabia a safe business hub?
Stable regulations, cultural hospitality, and world-class infrastructure attract global investors.
12. How does KSA.com support Saudi Arabia’s global presence?
We connect the world to the Kingdom’s opportunities, culture, and Vision 2030 milestones.
13. What industries benefit from Saudi Arabia’s reforms?
Tourism, tech, and energy sectors thrive under progressive policies and investments.
14. How can businesses stay tax-compliant in Saudi Arabia?
Regular filings, timely payments, and using ZATCA’s digital services ensure smooth compliance.
15. Why is Saudi Arabia a top destination for professionals?
Its booming economy, cultural vibrancy, and futuristic projects offer unmatched opportunities.
Summary:
ZATCA mandates July withholding tax filings by August 10.
Late submissions face a 1% monthly penalty.
File via zatca.gov.sa or contact 19993 for support.
Withholding tax applies to non-resident payments.
Aligns with Vision 2030’s economic transparency goals.
Discover Saudi Arabia’s future today—where tradition meets innovation.
