The most important legal news in local newspapers
We in Ben Arafa Law Group Consulting & Legal Legitimacy L.L.C likes to provide you of the most important legal news in the local newspapers for this week, which related to your business and commercial, labor and procedural activities, and accordingly we provide you with the most important news as follows:
Amending the executive regulations for environmental service providers to enhance governance and sustainability
The Saudi Cabinet approves the new amendment to the executive regulations for environmental service providers, which aims at enhancing environmental protection and developing sustainability practices in line with the Kingdom’s Vision 2030.
The most amendments include:
Accurate classification of environmental services: updating activities to include environmental consultation, project management, training, and quality control.
Conditions for environmental licenses: new requirements to ensure service providers adherence to environmental standards.
Clear performance standards: Defining precise standards to ensure the quality of environmental services.
Monitoring and evaluation mechanisms: introducing continuous evaluation mechanisms to enhance environmental commitment.
Deterrent penalties: Imposing strict penalties for violators to ensure the protection of natural resources.
This amendment is a strategic step to support sustainable development in the Kingdom, as it balances economic and environmental demands, and strengthens the Kingdom’s commitment to protecting its resources for future generations.
.2- Extending the implementation of the initiative to cancel financial fines: supporting taxpayers and enhancing tax compliance
The Minister of Finance extends the “Cancellation of Fines and Exemption from Financial Penalties for Taxpayers” initiative for an additional period of six months, starting from January 1, 2025.
Initiative details:
Exemption from fines:
o Exemption from fines for late registration and payment, provided that the declarations are submitted and the original debt is paid.
o Exemption from unpaid fines related to VAT with the obligation to submit statements.
Payments plan: Taxpayers’ commitment to approved payments plan to benefit from exemptions.
Tax evasion exception: Fines associated with tax evasion violations are excluded from the exemption.
Initiative objectives:
Relieving the financial burdens on taxpayers.
Enhancing tax compliance and improving the business environment.
Supporting the stability of commercial activities in line with the economic trends of the Kingdom’s Vision 2030.
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