Tibbiyah says ruling upheld against subsidiary on SAR 19.3 mln customs claim

30/10/2023 Argaam

Tibbiyah says ruling upheld against subsidiary on SAR 19.3 mln customs claim

Logo of Arabian International Healthcare Holding Co. (Tibbiyah)

Arabian International Healthcare Holding Co. (Tibbiyah) announced that its appeal against a preliminary decision in the case filed by the Zakat, Tax and Customs Authority (ZATCA) was accepted in form and rejected in substance.

 

ZATCA’s case was brought against a customs broker at ZATCA and a 100%-owned subsidiary of Tibbiyah for failing to pay customs duty on import items for years prior to 2018.

 

The preliminary ruling was upheld for the reasons cited, Tibbiyah said in a Tadawul filing today, Oct. 30.

 

Tibbiyah’s legal advisor had appealed the decision, in accordance with the applicable regulations, within the 30-day deadline from July 28, 2022.

 

The decision entails payment of SAR 19.26 million in customs duty for the abovementioned period, the statement added, indicating that the company had previously booked provisions that fully cover the claim.

 

On July 25, 2022, Tibbiyah received a preliminary decision from the First Primary Customs Committee in Riyadh related to this case, Argaam earlier reported.

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