-
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
-
Marketing and Client Service
We offer strategy, client service, digital and insight solutions to businesses that are shaping the future across the Middle East.
-
Forensic services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
-
Transaction Advisory
Globalisation and company growth ambitions are driving an increase in transactions activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer-term strategic goals.
-
Growth services
We have designed and developed growth services to support your business at each phase of its growth. So whether you are an SME that has just set up or a large business wishing to expand, at Grant Thornton we will help you unlock your potential for growth.
![Behind the Numbers: The Art of Audit in Saudi Arabian Companies](/globalassets/_markets_/sau/media/464x422-listing-article-images/behind-the-numbers.jpg)
-
IFRS
At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting.
-
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
-
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
![insight featured image](/globalassets/_markets_/sau/media/1440x600-full-width-banner-image/tax-amnesty-announced.jpg)
The amnesty initiative starts as of today (June 1, 2022) and lasts until November 30, 2022. A summary of the initiative is as follows:
- Exemption of fines/penalties related to late registrations as long as the registration was due before the amnesty announcement (i.e., June 1, 2022)
- Exemption fines/penalties associated with late tax payments and late return filings for all due taxes (i.e., CIT, WHT, VAT, etc.)
- Exemption of unpaid fines/penalties related with the correction of VAT Returns
- Exemption from unpaid fines/penalties as mentioned in Article 45 of the VAT Regulations, provided these were imposed prior to the amnesty announcement (i.e., June 1, 2022)
The condition for availing the benefits of the amnesty scheme listed above, is that the taxpayer must submit all due Returns and settle all due taxes (principal/original amounts). The taxpayers can also submit a payment instalment plan request to the ZATCA, and this would need to be approved by the Authority during the amnesty period.
Following information currently available, the amnesty scheme does not cover fines/penalties related to tax evasion.
The ZATCA will also be releasing further messages, details, and guidelines on the use of this initiative over the next few days. To discuss the amnesty and how this may impact your tax position, contact us.
To discuss the amnesty and its implication to you, contact Adel Daglas.