Saudi Arabia reports 5,212 tax-related violations

Source: Xinhua| 2018-05-13 20:15:41|Editor: Shi Yinglun
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RIYADH, May 13 (Xinhua) -- Saudi General Authority of Zakat and Tax revealed on Sunday the registration of 5,212 tax-related violations, Saudi Press Agency reported.

The violations among businessmen and commercial organizations have been inspected since the enforcement of the value-added tax on January 1, 2018.

The violations varied from issuing receipts for customers that didn't include tax-related data, getting more than 5 percent value-added tax from their clients and not registering in the tax system.

The almost five-month inspection campaigns covered commercial malls, car repairing workshops, electrical appliances shops and food markets in all parts of the country.

The authority urged the public to report such violations by calling a hotline, but didn't highlight the penalties of those violators.

Saudi Arabia ended last year decades of no taxes by the enforcement of the selected tax in May 2017 and followed it with the implementation of the 5 percent value-added tax in January 2018.

The tax system that was also adopted by some Gulf countries is a measure to cope with the unstable economy after the dropping oil prices in the international markets.?

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