‎Saudi Cabinet approves fine installment plans for private, non-Profit sectors

‎Saudi Cabinet approves fine installment plans for private, non-Profit sectors ‎Saudi Cabinet approves fine installment plans for private, non-Profit sectors

​‎

The Kingdom of Saudi Arabia’s flag

The Saudi Cabinet approved decision No. (105), dated 22/01/1448 AH, allowing private sector and non-profit establishments to pay state-imposed financial fines in installments, according to the official gazette.

Advertisement

The relevant rules will be issued by the Minister of Finance within 14 days of the decision’s approval.

The decision exempts the application of Articles (20) and (22), as well as other relevant provisions of the State Revenue Law, issued by Royal Decree No. (M/68) dated 18/11/1431 AH, and its Implementing Regulations.

Establishments seeking to pay fines in installments must submit an application to the authority that imposed the fine.

The authority will review the request and refer its recommendations to the Ministry of Finance within 10 days, while the ministry will decide on the application within 14 days.

The decision will take effect 14 days after its publication in the Official Gazette.

It will remain in force until Jan. 1, 2027, or until the new State Revenue Law and its Implementing Regulations come into effect, whichever is earlier.

The decision also calls for the preparation of a draft Royal Decree. Separately, the Saudi Data AI Authority (SDAIA) and the National Center for Government Resource Systems (NCGR), in coordination with the Ministry of Finance, are tasked with automating applications for installment plans on state debts through the national platforms within 45 days of the decision’s issuance.

The automation will be carried out in accordance with the State Revenue Law, its Implementing Regulations, and the provisions of the decision.

 

The Kingdom of Saudi Arabia’s flag

The Saudi Cabinet approved decision No. (105), dated 22/01/1448 AH, allowing private sector and non-profit establishments to pay state-imposed financial fines in installments, according to the official gazette.

The relevant rules will be issued by the Minister of Finance within 14 days of the decision’s approval.

The decision exempts the application of Articles (20) and (22), as well as other relevant provisions of the State Revenue Law, issued by Royal Decree No. (M/68) dated 18/11/1431 AH, and its Implementing Regulations.

Establishments seeking to pay fines in installments must submit an application to the authority that imposed the fine.

The authority will review the request and refer its recommendations to the Ministry of Finance within 10 days, while the ministry will decide on the application within 14 days.

The decision will take effect 14 days after its publication in the Official Gazette.

It will remain in force until Jan. 1, 2027, or until the new State Revenue Law and its Implementing Regulations come into effect, whichever is earlier.

The decision also calls for the preparation of a draft Royal Decree. Separately, the Saudi Data AI Authority (SDAIA) and the National Center for Government Resource Systems (NCGR), in coordination with the Ministry of Finance, are tasked with automating applications for installment plans on state debts through the national platforms within 45 days of the decision’s issuance.

The automation will be carried out in accordance with the State Revenue Law, its Implementing Regulations, and the provisions of the decision.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement