Saudi Arabia urges businesses that have earned over $ 10.7M to file VAT return on June 30
Saudi Arabia’s Zakat, Tax Authority and Customs (Zatca) issued a reminder to all commercial establishments with income over SR40M ($ 10.7m) to submit their additional tax (VAT) to return for May on June 30. Businesses fail to accomplish dangerous sanctions from 5 percent to 25 percent of total VAT appropriate, depending on the delay and…