The Saudi authorities recorded several violations of the payment of Value Added Tax (VAT) and took action against the concerned persons.
The General Authority of Zakat and Taxes says that 510 violations of Value Added Tax (VAT) were recorded by the investigation teams at the state level during one week.
The Saudi authorities say that the VAT has been increased from 5% to 15% since July 1 in the kingdom, and all the commercial establishments have been warned several times to prevent any kind of manipulation in the payment of VAT. Not to be taken.
The mechanism of collection of Watt by the authority is clear for which all the institutions which are registered in this system are obliged to pay Watt in the prescribed proportion.
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During the last one week, the investigation teams of the tax department conducted 3,616 inspection visits to markets, shops, hotels and other commercial areas in different cities and towns of the kingdom, in which 510 violations were recorded.
In this context, the person in charge of the investigation team said that among the violations noted, VAT number was not registered on the receipts, while the VAT number was not specified on the tobacco products, and the VAT serial number was also recorded on the receipts of the hotels. Not done.
The official further said that most of the challans were issued on the complaints received from the customers which were 293 in number.
The General Authority of Taxation has pointed out that commercial entities are bound to pay value added tax in all cases, with fines being awarded as rewards to those who inform those who evade tax. Two and a half percent of the amount will be paid.
The authority further said that users must check the wat serial number at the time of any purchase, if there is no serial number on the purchase receipt, a report can be filed in the relevant department of the authority.
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2024-09-28 23:40:28
