ZATCA says 26,500 individuals and business VAT-registered

Logo of Zakat, Tax and Customs Authority (ZATCA)

The Saudi Zakat, Tax and Customs Authority (ZATCA) said the total number of individuals and businesses that registered for value-added tax (VAT) reached 26,540.

 

ZATCA is committed to applying VAT provisions, including penalties on violations, Al-Eqtisadiah newspaper reported.

 

A fine of SAR 10,000 will be imposed on those who fail to register for VAT during the regulatory period, ZATCA added.

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