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Today (Sunday), the Ministry of Commerce and the National Anti-Concealment Program announced the start of regulations to correct the status of anti-concealment system violators, coinciding with the implementation of the new system. anti-concealment.
The ministry said those who wish to correct the situation can apply electronically and enjoy the benefits of the correction period and exemption from penalties prescribed in the system, until 8/23/2021 AD, indicating that this is a valuable opportunity for those who want it to correct and enjoy its benefits.
She said that violators of the anti-concealment system can correct their situation electronically and through multiple options, through the link, and correct them through several options, including: the introduction of a new regular partner, “Saudi or not Saudi “, and continue to work in the establishment, or the behavior of Saudi Arabia in the establishment by selling it or giving it up.
Ownership of the facility can also be registered on behalf of a non-Saudi by an agreement between a Saudi and a non-Saudi to transfer ownership of the facility to a non-Saudi after the latter has obtained an investment license. .
It should be noted that the anti-concealment system, in August 2020, granted a period of 180 days to those involved in “cover-up” offenses to correct their situation, as well as an exemption from the retroactive payment of the tax on Income.
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