Month: January 2025

Reading time: < 1 MinuteThe Ministry of Commerce strengthened the legislative system during 2024 with the issuance of five laws and regulations that were developed to enhance confidence in the commercial environment. They included the issuance of the Commercial Registration System, the Trade Names System, the amendment of the Precious Metals and Precious Stones Law, the amendment of the Executive Regulations for Private Laboratories, and the issuance of executive instructions for the application of penalties for violations related to the jurisdiction of the Ministry of Commerce. In order to promote the principle of transparency and spread the culture of ... Read more

Reading time: 2 Minutes The Zakat, Tax and Customs Authority (Zakat) has invited the financial and control sector to submit their views and comments on a project to amend the executive regulations for the collection of zakat, during the period from January 14 to 29, 2025. The project aims to add a new paragraph to organize the mechanism for calculating the zakat of off-plan sales projects, commensurate with the nature of these projects. Details of the proposed project The project is based on adding ... Read more

Reading time: < 1 MinuteThe Ministry of Municipalities and Housing is making great efforts to facilitate procedures and standardize requirements related to new construction licenses, in line with the Saudi Building Code to achieve public safety and health and improve the urban landscape, as it recently issued updated requirements for the construction of residential buildings. According to the ministry, these requirements aim to meet the aspirations of beneficiaries in accordance with international best practices, in order to raise the quality of life, encourage investment and improve ... Read more