During a meeting held by the Asharqia Chamber through the "Zoom" application
Al-Enezi: Zakat and income initiatives aim to provide cash flow to establishments, mitigate some negative effects, and motivate them to grow during this current period.
The head of the Cabinet Department and government agencies in the General Authority of Zakat and Income, Abdullah bin Bashir Al-Enazi, emphasized that the relationship between the authority and the economy and its leaders from the owners of establishments in the Kingdom is a participatory relationship and that the initiatives launched by the authority came in implementation of the royal orders to develop incentives and initiatives aimed at Mitigating the effects on the economic sectors as a result of the precautionary measures taken by the state to confront the Coronavirus, and they all aim to provide establishments with cash flow, ease obligations and stimulate them to grow during the crisis.
Al-Enezi said, during the meeting held by the Asharqia Chamber represented by the Contracting Committee on Thursday 7 May 2020, through the application of "Zoom", and was managed by a member of the Chamber's Board of Directors and Chairman of the Contracting Committee Hamad bin Hammoud Al-Hammad, and came under the title (initiatives of the General Authority of Zakat and Income to reduce the financial and economic impact on the sector the private sector), the initiatives launched by the authority to mitigate the effects of the pandemic on the private sector, is a multiple set of facilities for taxpayers, with the aim of mitigating negative effects and facilitating Zakat and tax procedures, noting that it included postponing the period from March 18, 2020, until June 30, 2020, The payment of zakat, as well as income tax, withholding tax, for value-added tax and selective goods tax, as well as postponing the payment of taxes for value-added and selective goods at customs.
Al-Enezi explained that the initiatives also included the suspension of imposing fines for late payment of installments and imposing fines for modifying declarations on taxpayers, as well as suspending fines for non-cooperation of taxpayers and examination fines, and indicated that zakat certificates will be granted without restrictions from the declarations of 2019 and expand acceptance of requests for installments Without requiring advance payment, in addition to expediting the payment of refund requests to all economic establishments, indicating that the implementation of the procedures for stopping the services of taxpayers and seizing funds will be suspended until the date of June 30, 2020, so that the suspension of taxpayers who stopped services will be lifted. They are already helping them and enable them to exercise their economic activity.
Regarding the exemptions, Al-Enazi said that until June 30, 2020, the registered taxpayers will be exempted from fines for delaying the submission of the declaration and the penalty for late payment, as well as the fine for modifying the declaration, in the event of disclosing a tax due to the authority or submitting declarations not previously submitted, noting that payment must be made or to apply for a maximum installment plan dated June 30, 2020, The taxpayers of non-registered, they will be exempted from the fine delay in registration, and a fine late submission of approval, and a fine of late payment in the event of their obligations during the period of the initiative of the registration and submission of declarations and payment of dues.
Al-Enazi provided an explanation explaining the dates of the maturity of submitting and paying monthly and quarterly VAT returns, noting that the declarations due after 30 June 2020 AD will not be postponed and their entitlement will remain on their primary date and that the second-quarter period for VAT will not be postponed and will remain The entitlement to the return on its primary date, as well as an explanation clarifying the due dates for submitting and paying selective tax returns, and the date for submitting zakat and income tax returns for the fiscal year 2019, noting that in the event that the due date for raising the zakat return or income tax for the period from T On March 18, 2020, until June 30, 2020, the period will be extended for a period of 3 months from the due date.
Al-Enazi also reviewed the schedules of entitlement tax returns due dates and talked about postponing the payment of selective goods tax and value-added tax in customs to registered taxpayers, and how to pay the deferred selective tax on selective goods imported to the Kingdom, and indicated that the imports that will start from the date of 1 July 2020 won't change dates and will be repaid in accordance with the customs provisions and rules of the ordinary and that all Commission initiatives apply to all types of taxes.
