Saudi Gazette, 15 February 2022: The National Programme to Combat Commercial Concealment has announced the deadline to comply will not be extended.
The deadline is 16 February this year.
The compliance deadline was previously extended to 16 February 2022 on 23 August 2021.
Those who do not comply after this date will be jailed for up to five years and/or fined up to five million Riyals.
Illegal assets and funds of those involved in these offences will also be confiscated. Also reported in Al Riyadh on 14 February 2022. For full story, click here.
To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.
Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.