RIYADH: The General Authority of Zakat & Tax (GAZT) has called on all establishments operating in the Kingdom with an annual income exceeding SR1 million ($266,680) to register for the value added tax (VAT) before Dec. 20, 2017. The number of registered establishments so far exceeds more than 80,000.
The GAZT confirmed that the failure to register for the VAT on time will expose the establishment to a fine of SR10,000, in addition to other penalties related to non-compliance of tax returns and non-payment of tax on time.
The authority reiterated that establishments with annual revenues between SR375,000 and SR1,000,000 were granted a deadline of Dec. 20, 2018 for tax registration.
Registration for establishments with annual revenues of between SR187,500 and SAR375,000 is optional, while establishments with annual revenues of SR187,500 are exempt from registration.
The GAZT said that most of the establishments are ready to apply the VAT on Jan. 1, 2018, in terms of training employees, complying with the VAT and executive regulations, harmonization of accounting and IT systems associated with tax operations, and managing records to save documents on the specified form.
80,000 Saudi businesses register for VAT
80,000 Saudi businesses register for VAT
KSrelief transfers Gaza girl to Jordan for cancer treatment
- Roza Al-Dreimli in Jordan because Israel destroyed Gaza hospitals
- Under assessment, monitoring at the King Hussein Cancer Center
AMMAN: A cancer-stricken Palestinian girl from Gaza is now undergoing clinical observation prior to treatment at a specialist hospital in Jordan, thanks to Saudi Arabia’s aid agency KSrelief.
Roza Al-Dreimli was transported to Amman from the Gaza Strip through the initiative of KSrelief, as a part of Saudi Arabia’s continued medical support for Palestinians, the Saudi Press Agency reported on Friday.
Al-Dreimli was prioritized because assessments indicated the need for advanced treatment of cancerous cells at the base of her brain. She is at the King Hussein Cancer Center, and being treated by a team of pediatricians.
She is currently undergoing “intensive clinical monitoring” to “ensure control of the condition, and prevent any potential neurological or visual complications resulting from the tumor’s location,” the SPA reported.
Al-Dreimli’s family expressed profound gratitude for KSrelief’s swift intervention, and hoped the specialized care would ensure a full recovery.
Such specialized care is currently unavailable in the Gaza Strip because of Israel’s alleged genocidal destruction of hospitals and killing of medical workers since Oct. 7, 2023.
Israel has systematically destroyed homes and commercial buildings and infrastructure in the Palestinian enclave, killing over 70,000 Palestinians, many of them unarmed men, women and children, and injuring more than 170,000.
Tel Aviv has stated that its actions were in retaliation to a raid by Hamas of Israeli border villages, during which the militant group reportedly killed more than 1,200 people and took 254 hostages.
