Saudi Arabia records 615 VAT offences in a week
Violations uncovered during sweep on retail stores across the Kingdom
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Abu Dhabi: Saudi authorities have recorded 615 VAT violations during a sweep on retail stores across the Kingdom last week.
The offences were spotted over the last seven days during the campaign aimed at ensuring businesses’ compliance with regulations, the Saudi General Authority of Zakat and Tax (GAZT) said.
The Zakat and Tax Authority also worked on 339 complaints from people during the same period, GAZT added.
The violations ranged from failing to keep tax records and bills, tax evasion, charging a tax value more than the one approved and failing to levy the tax. The agency had earlier urged business owners to abide by the new 15 per cent VAT rate starting from July 1.