Saudi enterprises urged to adhere to tax payment schedule

Updated 24 January 2018
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Saudi enterprises urged to adhere to tax payment schedule

JEDDAH: Saudi enterprises registered for value-added tax (VAT) and with supplies of goods and services exceeding SR40 million ($10.7 million) annually should file their tax returns on a monthly basis, the General Authority for Zakat and Tax (GAZT) has said.
Under VAT law and implementing regulations, enterprises in this category must file their January tax returns before the end of February 2018. Enterprises whose supplies of goods and services total SR40 million or less are required to file tax returns every three months. The first tax returns for this latter category are due no later than the end of April.
VAT implementing regulations require the taxable person, or whoever is authorized to act on their behalf, to file returns no later than the last day in the month following the end of the tax period to which it relates.
GAZT said that failure to file a return within the required period would result in a fine equal to no less than 5 percent and no more than 25 percent of the tax amount the enterprise was obliged to file. Enterprises at fault would also face a late-payment fine equal to 5 percent of the tax amount due for every month or part thereof for which the tax went unpaid, as well as suspension of several government services.
Enterprises must adhere to the tax return form specified by the GAZT. The form includes two sections, the first for tax due on revenues (output tax) and the second for tax due on purchases (input tax).
After filing their returns, enterprises will be issued a tax invoice by the GAZT detailing the invoice number and amount to pay.
Once the invoice is issued, the tax due must be paid to GAZT’s bank account via the SADAD online payment portal or any ATM. Once payment is made, the enterprise will receive a notice from the GAZT confirming the payment.


Saudi Arabia's aid agency funds hospital in Syria with medical supplies

The project has been signed with the Union of Medical Care and Relief Organizations. (SPA)
Updated 20 November 2018
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Saudi Arabia's aid agency funds hospital in Syria with medical supplies

  • Al-Moallem said KSRelief had also extended the duration of two of its existing WASH projects, which he said were to ensure potable water supply and hygiene to help in maintaining health and preventing disease

RIYADH: Stepping up humanitarian efforts in Syria, the King Salman Center for Humanitarian Aid and Relief (KSRelief) signed a health project to ensure uninterrupted medical service in the war-torn country by providing funds and medical supplies for Bab Al-Hawa Hospital, and also extended water, sanitation and hygiene (WASH) projects to help the people.
Director for Health and the Environmental Aid Department at KSRelief, Dr. Abdullah Saleh Al-Moallem, told Arab News on Monday: “KSRelief signed the health services support project for Bab Al-Hawa Hospital, which is the biggest hospital in northern Syria.
“The health service project’s cost is $3.528 million and will serve about a million people.”
He added that the project agreement is for one year and includes all operations for the hospital by meeting expenses including salaries and providing medical supplies including equipment to ensure uninterrupted medical service to the people.
The project has been signed with the Union of Medical Care and Relief Organizations (UOSSM), which is an implementing partner, he said.
Al-Moallem added that Bab Al-Hawa is a specialized hospital, the flagship of health care in northern Syria, and the hospital staff provide much-needed health care in the war-hit country.

Specialized services
Some of its specialized services include cardiology, pediatrics, gynecology and surgeries including neurological surgery, he added.
The hospital also boasts a state-of-the-art training center, where a wide variety of medical and other health care-related courses are run to develop the skills and knowledge of all health care staff in the hospital itself, as well as in the wider health care community.
The hospital is operated under the auspices of UOSSM. Al-Moallem said KSRelief had also extended the duration of two of its existing WASH projects, which he said were to ensure potable water supply and hygiene to help in maintaining health and preventing disease.
One project is to rehabilitate water supply and solid waste management systems, and another aims to improve the sustainable provision of water to the facility, he said, adding that the combined costs for both projects are to the tune of $2.45 million.
As KSRelief remains committed to providing aid to the Syrian people at all levels, the team from the Center also reviewed various ways to expand support for its projects to support Syrian IDPs (internally Displaced people) and refugees in neighboring countries.