TaxSavvySA

Late Zakat return penalty

Missed the 120-day Zakat deadline. Penalty?

The situation

Late annual return penalty is 1 percent of revenue up to SAR 20,000, and late payment is 1 percent a month on unpaid amounts.

The law

  • Income Tax Law penalty provisions (late filing): Late annual return: 1 percent of gross revenue up to SAR 20,000
  • Zakat Implementing Regulation Article 102: Zakat return due within 120 days from the end of the Zakat year

What it means for you

Example: revenue SAR 3,000,000: late filing penalty up to SAR 20,000. File and pay now to stop the monthly charge. The certificate is blocked until you comply.

What to do

  1. File now.
  2. Pay Zakat and penalty.
  3. Get certificate.

We can do this for youAnnual Zakat return and Zakat certificate for Saudi and GCC-owned companies: SAR 6,500

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