Saudi VAT: June 30 Filing Deadline for High-Revenue Businesses
- the Zakat, tax and Customs Authority (ZATCA) is reminding Saudi commercial establishments that play a key role in the economy to submit their Value Added Tax (VAT) returns...
- The penalties range from 5% to 25% of the total VAT due, depending on how late the payment is and the severity of the non-compliance.
- VAT in Saudi Arabia is an indirect tax. It applies to most goods and services that are sold or purchased.
Businesses in Saudi Arabia,take note! The June 30 deadline for filing your May VAT returns is fast approaching. The Zakat, Tax and Customs Authority (ZATCA) is reminding Saudi commercial establishments with revenues over $10.7 million to submit their Value Added Tax (VAT) filings promptly. Failing to meet this crucial deadline can trigger penalties ranging from 5% to 25% of the VAT due, emphasizing the importance of timely compliance. Remember, VAT is an indirect tax applied to most goods and services. Stay informed and compliant with the latest tax regulations. News Directory 3 provides up-to-date coverage on financial matters. Discover what’s next for your business and its tax obligations.
Saudi VAT Deadline Looms for Businesses Earning Over $10.7M
Updated June 22, 2025
the Zakat, tax and Customs Authority (ZATCA) is reminding Saudi commercial establishments that play a key role in the economy to submit their Value Added Tax (VAT) returns for May by June 30. This reminder applies to businesses with revenues exceeding 40 million Saudi Riyals ($10.7 million).
Failing to meet this deadline could result in penalties. The penalties range from 5% to 25% of the total VAT due, depending on how late the payment is and the severity of the non-compliance. The ZATCA emphasizes the importance of timely compliance to maintain the efficient operation of the Kingdom’s tax system.
VAT in Saudi Arabia is an indirect tax. It applies to most goods and services that are sold or purchased. Though, there are some exemptions.All businesses that meet the requirements are legally obligated to report and pay VAT on time. This ensures they remain compliant with national tax regulations and continue to play their financial role.
What’s next
Businesses needing assistance can access ZATCA support through various channels to ensure they understand their tax role and meet all obligations.