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We would like to remind you that the 1st of August 2021 is the deadline for the payment of the final tax for the year 2020 for companies and self-employed individuals preparing audited financial statements.

In case the tax balance is not paid by the end of the month of the deadline date (i.e. by 31 August 2021) a 5% penalty applies on the tax due. In addition, the tax balance will be subject to interest at the rate in force (currently at 1,75% per annum) until the settlement of the tax.

Finally, if the tax balance is not settled within two months after the deadline date, an additional 5% penalty may be imposed.

KSA

KSA