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Customs: Tax warehouses subject to selective taxation are required to provide financial guarantees

The Zakat, Tax and Customs Authority has finalized amendments to some articles of the executive regulations of the system

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The Zakat, Tax and Customs Authority has finalized amendments to some articles of the executive regulations of the Selective Tax System, with the aim of allowing the licensing of additional tax warehouses for storage purposes to mitigate the financial effects related to cash liquidity on establishments, and to clarify the procedures related to self-disclosure of any tax that has not been properly disclosed by taxpayers obligated to pay the selective tax, in accordance with the provisions of the agreement, the system and the regulations.

The amendments came in fulfillment of all the conditions and requirements stipulated in Articles (29, 30, 31, 32) of the regulation, provided that the licensee or applicant for the license is obligated to provide the financial guarantee due for each tax warehouse, before the application is approved in its final form, in fulfillment of any other conditions specified by the Authority in the license application.

In the file “The Authority’s Assessment of the Tax Due”, the current article states that the Authority calculates the amount of tax due on excise goods, in accordance with the provisions of the regulation, if the person obligated to pay the tax due did not comply with the conditions for submitting an import permit or submitted an incorrect import permit, did not comply with the conditions for submitting an excise tax return or submitted an incorrect return, and was not registered for the purposes of excise tax, for the purposes of this article.

According to the provisions of the regulation, an import permit or excise tax declaration is considered invalid if it leads to an incorrect calculation of the tax due.

The authority shall notify the person liable to pay the tax, by means of a written notice, of the amount of tax due. The written notice must include the bases used by the authority in calculating the amount of tax due.

Tax assessment within 15 days

Article 18 of the Executive Regulations of the Selective Tax System stipulates that “the tax due, which was imposed by virtue of a tax assessment, shall be paid to the Authority within a period of 15 days from the date of notification to the person obligated to pay the tax by the Authority, in accordance with Article 17 of the Regulations.”.

The proposed amendment stipulates that the tax due in accordance with paragraph (3) of Article Seventeen of these regulations shall be paid to the Authority within a period not exceeding 15 days from the date it is due.

Article 26 stipulated that “a place where excise goods are produced is considered eligible to obtain a tax warehouse license if the following conditions are met: if the average quantity of excise goods it possesses during a period of twelve months exceeds 10 million liters of soft drinks, energy drinks, or sweetened beverages, one billion cigarettes or other individual units of tobacco products, one kilogram of other tobacco products, one million electronic smoking devices or the like, 250,000 liters of liquids for electronic smoking devices and tools and the like, the quantity of excise goods that are transported from the Kingdom under the tax suspension status is not less than 70% of the excise goods possessed at this location, and obtaining a permit from the Board of Directors.”.

The proposed amendment states that a place that does not produce excise goods is eligible to obtain a tax warehouse license if the following conditions are met: if the average quantity of excise goods held therein during a twelve-month period exceeds any of the following: 2.5 million liters of soft drinks, energy drinks, or sweetened beverages; 500 million cigarettes or other individual units of tobacco products; 250,000 kilograms of other tobacco products; 500,000 electronic smoking devices or similar devices; 125,000 liters of liquids for electronic smoking devices and similar devices.

Tax deficiencies and tax return correction

In the file “Tax Assessment and Disclosure”, Article Seventeen, which is proposed to be amended, states that if it becomes apparent to the importer that he has not properly disclosed the tax due upon importation, and this results in a shortage in the amount of tax due to the Authority, he must notify the Authority within 15 days from the date of his knowledge, using the form prepared for that purpose by the Authority.

If a registered taxpayer discovers an error or inaccuracy in the data submitted to the Authority in their tax return, resulting in a shortfall in the amount of tax due, they must correct the return within 15 days of becoming aware of it. Any person possessing excise goods for commercial purposes outside of a tax suspension arrangement, or any other person obligated to pay the tax due under these regulations, must disclose any unpaid tax due to the Authority within 15 days of the tax due date, using the form prepared for this purpose by the Authority. The Authority will calculate the amount of tax due on excise goods in accordance with the provisions of these regulations if it is established that the person obligated to pay the tax has not disclosed it correctly to the Authority. For the purposes of this article, an import permit, excise tax return, or any other form prepared by the Authority for the purpose of disclosing the tax due is considered invalid if it leads to an incorrect calculation of the tax due. The Authority will notify the person obligated to pay the tax, by written notice, of the amount of tax due, and this notice must include the basis for the calculation. Which the authority used in calculating the amount of tax due.

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The Crown Prince receives a message from the President of Kazakhstan to enhance bilateral cooperation

Crown Prince Mohammed bin Salman received a written message from the President of Kazakhstan concerning bilateral relations, which was received by Foreign Minister Prince Faisal bin Farhan in Riyadh.

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The Crown Prince receives a message from the President of Kazakhstan to enhance bilateral cooperation

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, received an important written message from His Excellency President Kassym-Jomart Tokayev of the Republic of Kazakhstan. The message focused on ways to strengthen and develop the close bilateral relations between the two brotherly countries and to propel them towards broader horizons in various fields.

His Highness Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs, received the message during his official meeting today at the Ministry's headquarters in Riyadh with His Excellency Yermek Kosherbayev, Minister of Foreign Affairs of the Republic of Kazakhstan. During the meeting, they reviewed aspects of joint cooperation and ways to enhance them in a manner that serves the interests of both countries and their friendly peoples.

The depth of Saudi-Kazakh relations

This message comes amidst the active diplomatic efforts underway in relations between the Kingdom of Saudi Arabia and the Republic of Kazakhstan, two countries bound by deep-rooted historical ties based on shared values ​​and mutual respect. These relations are gaining increasing importance in light of global geopolitical and economic shifts, as Kazakhstan is the largest country in Central Asia and a key strategic partner for the Kingdom in this vital region.

Prospects for economic and investment cooperation

Economically, the two countries possess tremendous potential for cooperation, particularly in the energy sector. Both Saudi Arabia and Kazakhstan are major global oil producers and active members of the OPEC+ alliance, which strengthens their joint coordination to ensure the stability of global energy markets. Furthermore, Saudi Arabia's Vision 2030 opens up vast opportunities for mutual investments in mining, infrastructure, food security, and renewable energy, aligning with Kazakhstan's development goals.

The importance of political coordination

On the political front, the exchange of messages between the two leaderships reflects a mutual commitment to continued consultation and coordination on regional and international issues of common interest. The Kingdom plays a pivotal role in promoting stability in the Middle East, while Kazakhstan serves as a vital bridge between Asia and Europe, making the strengthening of their partnership a cornerstone of security and stability in both regions.

The reception was attended on the Saudi side by the Undersecretary of the Ministry of Foreign Affairs for Political Affairs, Dr. Saud Al-Sati, and the Ambassador of the Custodian of the Two Holy Mosques to the Republic of Kazakhstan, Faisal Al-Qahtani, reflecting the high-level diplomatic interest in the outcomes of this meeting and the future steps that will result from it to strengthen the strategic partnership.

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Politics

New Mexico investigation into Epstein's ranch: details of the historic decision

New Mexico opens a formal investigation into Jeffrey Epstein's Zorro Ranch. Learn about the legislative committee's efforts to uncover human trafficking networks.

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New Mexico investigation into Epstein's ranch: details of the historic decision

In a decisive legal and legislative move, lawmakers in the US state of New Mexico passed new legislation aimed at launching a comprehensive and extensive investigation into the events that transpired behind the walls of Zorro Ranch, the sprawling estate associated with the late disgraced sex offender Jeffrey Epstein. This step comes in response to growing demands from human rights groups and the public for transparency regarding the network Epstein operated in secrecy.

Bipartisan fact-finding committee

Under the new legislation, a special bipartisan commission will be formed in the state legislature. This commission will have broad powers to gather evidence, subpoena witnesses, and, most importantly, provide a secure platform for survivors to testify about the egregious abuse they suffered at the ranch. The ranch is located in a remote area about 48 kilometers south of Santa Fe, which for many years kept it largely out of scrutiny.

"Zorro Ranch": The Mysterious Castle

This ranch holds particular significance in the context of federal and local investigations, as it spans thousands of acres and includes a sprawling mansion and a private airstrip. The property has long been suspected of being a major hub for the human trafficking operations with which Epstein was accused. This move is the first of its kind at the state level to directly target activities that took place on the property, aiming to determine whether local individuals or others facilitated or covered up these crimes.

A complex historical and legal context

This investigation comes at a time when the Jeffrey Epstein case continues to generate widespread international controversy, particularly following his death in his Manhattan jail cell in 2019, officially ruled a suicide. This effectively prevented a trial that would have revealed many secrets. However, the recent release of court documents related to Virginia Giuffre's lawsuit against Epstein's associate, Ghislaine Maxwell, has brought the case back into sharp focus, revealing a vast network of connections involving politicians, financiers, and celebrities.

The importance of the investigation and its expected impact

Observers believe the New Mexico investigation holds immense symbolic and legal significance. It not only seeks to hold accountable potential perpetrators who may have escaped federal scrutiny, but also aims to close the legal loopholes that allowed these abuses to continue for years. Furthermore, the investigation sends a powerful message of support to the victims, affirming that justice does not expire and that the death of the main suspect does not mean the case is closed as long as there are survivors demanding their rights.

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Saudi Arabia and seven other countries condemn the escalation of settlement activity in the West Bank

Saudi Arabia and seven other countries issued a joint statement condemning Israel's classification of lands in the West Bank as "state lands," warning of the undermining of the two-state solution and calling for urgent international intervention.

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Saudi Arabia and seven other countries condemn the escalation of settlement activity in the West Bank

In a unified diplomatic move reflecting the seriousness of the situation in the occupied Palestinian territories, the foreign ministers of eight countries – the Kingdom of Saudi Arabia, the Hashemite Kingdom of Jordan, the United Arab Emirates, the State of Qatar, the Arab Republic of Egypt, the Republic of Turkey, the Republic of Indonesia, and the Islamic Republic of Pakistan – issued a joint statement expressing their strong condemnation of the recent Israeli decisions concerning the Palestinian territories.

Unprecedented escalation of settlement activity since 1967

The ministers condemned in the strongest terms Israel’s move to designate large areas of land in the occupied West Bank as “state land.” The statement noted that these actions include approving the commencement of land registration and settlement procedures, a dangerous step being taken for the first time since the occupation of the West Bank in 1967. The ministers considered this move a flagrant violation of international law and an escalation aimed at legitimizing and expanding settlements at the expense of the rights of the Palestinian people.

Violation of international laws and resolutions

The joint statement affirmed that these measures fundamentally violate international humanitarian law, specifically the Fourth Geneva Convention, which prohibits an occupying power from transferring its own population into the territory it occupies or altering its geographic and demographic character. The ministers also stressed that these practices constitute a blatant challenge to relevant UN Security Council resolutions, foremost among them Resolution 2334, which affirms the illegality of settlements in the Palestinian territories occupied since 1967, including East Jerusalem.

In a related context, the ministers pointed out that the Israeli decision contradicts the advisory opinion issued by the International Court of Justice, which clarified the legal implications of Israeli policies, stressing the illegality of any measures aimed at changing the historical and legal status of the occupied territory, and the need to end the occupation and prohibit the seizure of land by military force.

Risks of undermining the two-state solution

The foreign ministers of the eight countries warned of the political and security repercussions of these steps, emphasizing that they aim to impose a new administrative and legal reality that entrenches permanent Israeli control. They explained that the continued confiscation of land and the accelerated pace of settlement construction effectively undermine the two-state solution and eliminate any political prospect for the establishment of an independent, viable, and geographically contiguous Palestinian state. They cautioned that these policies pose a real threat to the chances of achieving a just and comprehensive peace in the region and exacerbate tension and instability in the Middle East.

A call for the international community to assume its responsibilities

The ministers concluded their statement with a clear call for the international community to take immediate action and fulfill its legal and moral responsibilities. They demanded decisive and clear steps to halt these ongoing violations and ensure Israel's respect for international law. They reaffirmed their full support for the inalienable rights of the Palestinian people, foremost among them their right to self-determination, an end to the occupation, and the establishment of their independent state on the June 4, 1967 borders, with East Jerusalem as its capital, as the only way to achieve lasting stability in the region.

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