Month: December 2017

“Zakat & Tax Authority launches a special application to detect VAT-registered establishments

by
VAT Payment - Real Estate

Reading time: < 1 MinuteThe General Authority for Zakat and Income Tax (GAZT) has launched a special application that contains many important information about Value Added Tax (VAT) and allows consumers to identify if the establishment they are dealing with is registered for VAT. The app comes as part of GAZT's integrated efforts to support individuals and businesses alike in implementing VAT and minimizing ... Read more

General Authority for Zakat: Off-plan sales are not exempt from VAT

by

Reading time: < 1 MinuteThe General Authority for Zakat and Income Tax (GAZT) has said that off-plan sales are not exempt from VAT, with the exception of Ministry of Housing projects. Al-Harbi said that government contracts that were serviced before the beginning of next January and the receipt of extracts was delayed until 2018 are exempt from VAT, adding that contracts signed ... Read more

Saudi Standards and Metrology Organization (SASO) grants additional time for the mandatory implementation of the Technical Regulation for Building Materials

by

Reading time: < 1 MinuteThe Saudi Standards, Metrology and Quality Organization (SASO) has granted an additional deadline for companies and factories operating in the cement products sector to correct their conditions with the start of the mandatory application of the technical regulation for building materials in September next year. SASO officials said during a workshop held yesterday at the Eastern Chamber, which was dedicated to introducing the technical regulation of building materials, that they are in the process of launching 40 technical and organizational regulations ... Read more

Amlak Real Estate Newspaper Articles Ayman Al-Khamis writes: Privatization stimulates investment and attracts national and foreign capital

by

Reading time: < 1 MinuteThe government of the Custodian of the Two Holy Mosques - may God bless it - in its endeavors to privatize a number of public sector institutions, to enhance and raise the efficiency and productivity of the public sector, and attract more competencies and expertise to the public sector institutions that will be privatized, in implementation of the plans and programs of the Kingdom's Vision 2030, and this will open a wide field for the private sector to participate with the public sector in the local economic market according to ... Read more

Articles of Amlak Real Estate Newspaper ... Abdulaziz Al-Issa writes: Ten hidden costs in real estate

by
Abdulaziz Alissa - Kingdom Budget 2023

Reading time: 2 MinutesThe real estate sector begins to enter new stages of uncertainty after the approval of the imposition of fees related to the value-added tax and its application at the beginning of 2018, and despite the efforts of the Zakat and Income Authority to clarify matters and the method that will be imposed on the real estate; however, it was unable to communicate a complete and clear picture to real estate for many reasons, including the diversity of segments that work in real estate from ... Read more

General Authority for Statistics: Implementation of the National Classification of Economic Activities at the beginning of January

by

Reading time: < 1 MinuteThe General Authority for Statistics (GASTAT) has completed the knowledge preparations to enable government entities related to economic activities to apply the «National Classification of Economic Activities« (NCEA), the classification derived from the International Standard Industrial Classification of All Economic Activities in its fourth revision (ISIC4) issued by the United Nations Economic and Social Council, and consider it an approved classification for economic activities in Saudi Arabia starting from Monday ... Read more

Sponsored by the Ministry of Communications and Information Technology 150 specialized exhibitors participate in the upcoming Saudi IoT Expo

by

Reading time: < 1 MinuteWith the participation of more than 150 exhibitors, the Riyadh Convention and Exhibition Center will host the Saudi International Internet of Things Expo 2018 on January 28, in an initiative to create a platform that focuses on the enormous potential of the Internet of Things (IoT) revolution, addressing the challenges and identifying the real opportunities contained in the concept of the Internet of Things (IoT). The Saudi International IoT Expo 2018, which is sponsored by the Ministry of Communications and Information Technology (MCIT), is ... Read more

Sponsored by the Ministry of Communications and Information Technology (MCIT), 150 specialized exhibitors participate in Riyadh hosts Saudi IoT Expo

by

Reading time: < 1 Minute With the participation of more than 150 exhibitors, the Riyadh Convention and Exhibition Center will host the Saudi International Internet of Things Expo 2018 on January 28, in an initiative to create a platform that focuses on the enormous potential of the Internet of Things (IoT) revolution, addressing the challenges and identifying the real opportunities contained in the concept of the Internet of Things (IoT). The Saudi International IoT Expo 2018, which is sponsored by the Ministry of Communications and Information Technology (MCIT), is ... Read more

Riyad Bank launches mada card to control the expenses of education departments

by
Riyad Bank - Off-plan Selling - Real Estate Finance

Reading time: < 1 MinuteRiyad Bank has launched a mada card “Nithriyat” to monitor school expenditures, as part of the directive of the Ministry of Finance and the Ministry of Education to open bank accounts for all education departments in the Kingdom's regions and governorates to deposit funds for the operational expenses of education departments, while school leaders will be given ATM cards that allow cash withdrawals from ATMs and purchases through point-of-sale terminals. The card is a petty cash... Read more

Daraya REIT starts subscribing today with a capital of 1.17 billion riyals

by

Reading time: < 1 MinuteWith a capital of 1.17 billion riyals, Daraya Capital starts today “Daraya REIT” fund in preparation for its listing on the financial market, making it one of the largest real estate investment funds traded. In addition to Daraya Financial, the company will start the subscription process through its branches operating in different parts of the Kingdom ... Read more

© 2025 Amlak Real Estate Newspaper | All rights reserved.