Article 23 Bis (7)

Subject to the provisions of Article 24 of this Law and the decisions issued in application of Article 34 thereof, the President or his delegate shall impose a financial penalty in the cases stipulated in the following clauses:

Any taxpayer who fails to submit the returns stipulated in this Chapter within the period prescribed in accordance with the decision of the Council of Ministers provided for in Article 23 Bis (5) of this Law, shall be subject to a financial penalty of five hundred (500) Riyals for each day of delay, up to a maximum of one hundred and eighty thousand (180,000) Riyals.
Any taxpayer who fails to pay the Top-up Tax arising from the application of the Income Inclusion Rule or the application of the Domestic Minimum Top-up Tax within the period prescribed in the decision of the Council of Ministers provided for in Article 23 Bis (5) of this Law, shall be subject to a financial penalty of (2%) two percent of the amount of tax due for each month of delay or part thereof, not to exceed the amount of tax due.
Any taxpayer who violates the registration and notification provisions stipulated in this Chapter and the decision of the Council of Ministers provided for in Article 23 Bis (5) of this Law, shall be subject to a financial penalty of twenty thousand (20,0000) Riyals. The concerned party shall be notified of the financial penalties imposed, in accordance with what is specified by the Regulations.