Government aims to boost business compliance and private-sector growth

Saudi Arabia has officially extended its tax penalty waiver initiative until the end of December 2026. The program allows eligible taxpayers to receive relief from certain fines and financial penalties, supporting businesses as they continue adapting to economic reforms under Vision 2030.

Tax experts expect the extension to improve compliance rates while helping businesses manage operational costs and cash flow more effectively.

Source

Gulf Business – 1 July 2026