GTL Summary:

Article 24 of the KSA Value Added Tax Law outlines the core obligations for submitting Tax Returns. It stipulates that the Implementing Regulations will define the specific Tax Period for which a Taxable Person must file. Every Taxable Person is mandated to file a Tax Return with the Authority for each Tax Period, adhering to the timeframe, terms, and conditions set forth in the Regulations. Additionally, the Article establishes a requirement for self-correction. If a Taxable Person discovers an error in a previously submitted return, they are legally obligated to notify the Authority, following the specific procedures detailed within the Regulations.