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The details of the articles of the Real Estate Transaction Tax Law after the Cabinet's approval

Reading time: 2 Minutesأعلنت المملكة العربية السعودية مؤخرًا عن موافقتها على نظام ضريبة التصرفات العقارية، وهو قرار يعكس التزام الحكومة بتعزيز الشفافية في قطاع العقارات وتحسين نظم الحوكمة ... Read more

Law sets 5% tax on real estate transactions with exemptions, penalties, enforcement mechanisms and a deadline to correct the situation

12/10/2024

Zakat, Tax and Customs Authority
Australia

Australia imposes a ban on foreigners buying real estate What are the reasons?

A two-year ban that prevents foreign companies and temporary residents from buying existing residential homes from April 1.

New agreement to boost infrastructure for electric vehicle charging stations

Riyadh Development signs EVIQ to develop charging stations on its assets and support Riyadh's transformation into a smart and sustainable city

Residential program

Contractors Authority launches the 5th International Contracting Conference in Riyadh

The conference will be held at Riyadh Front February 15-16, 2025 in conjunction with the Big5 Saudi exhibition and is aimed at leaders in the construction industry.

Emir of Riyadh reviews the goals of the Infrastructure Projects Center to raise the level of control and compliance

The District Secretary and CEO reviewed the plan to coordinate infrastructure projects, strengthen oversight, and deliver the Center's 2024 report.

Enforcement logo

“Enforcement announces 54 auctions to sell 538 assets in 12 regions of the Kingdom

The auctions will be held between February 15 and 27, 2025 and will feature real estate, watches and machinery with live and online attendance with details on the center's website.

Saudi Arabia's infrastructure needs $1 trillion in investment over 10 years

Private sector contribution rises to 46% and reaches 65% with PIF's portfolio.

Land Registry and Thiqaqa sign MoU to convert paper deeds into electronic ones

The partnership aims to build a digital platform and data exchange to accelerate in-kind registration and achieve 80% coverage within five years.

Logo of Al Diriyah Company

“Diriyah and the Contractors Authority sign a tripartite memorandum of understanding to develop dealing mechanisms

Accelerate the coordination of data sharing, address organizational challenges, and develop Diriyah projects to support the Kingdom's Vision 2030 goals

Al Haqeel - Business License - Quality of Life

Minister of Municipalities and Housing Launches Regulatory Excellence Program for Government Agencies

The program aims to raise the efficiency of inspection and compliance in cooperation with 60 government entities.

Big Five Gallery

Big 5 Construct hosts the International Contractors Conference to unlock innovation and collaboration in Saudi Arabia's construction industry

February 15 and 16 at Riyadh Front: A government and industry meetup to explore innovation and collaboration opportunities for the Kingdom's mega-construction projects.

Regulation of real estate auctions

How to apply for a real estate auction Conditions and required documents

The General Real Estate Authority determines the deadlines, licenses, documents and conditions necessary to accept an application to hold an auction.

Jeddah Municipality spokesperson: No compensation for owners of dilapidated buildings

Jeddah Municipality monitored 351 buildings in Al Faisaliyah and Al Rabwa and gave the owners time to remove them or they will remove them at their own expense.

“Social Insurance” sets the deadline for benefiting from the initiative to waive fines and violations

Businesses with debts before March 3, 2024 will be exempt from late penalties and violations when paying contributions through "My Business Insurance"

Jeddah Municipality - Unauthorized Buildings

Jeddah Municipality monitors dilapidated buildings in Al Faisaliah and Al Rabwa neighborhoods Jeddah Municipality

263 buildings in Al Faisaliyah and 88 buildings in Al Rabwa are monitored and their owners are notified to review the Municipality to complete the procedures

Attribution and Liquidation Center Real Estate Auction

“Enforcement supervises 36 auctions to sell 334 properties in 12 regions of the Kingdom

مزادات حضورية وإلكترونية لبيع 334 عقارًا ومركبات في 12 منطقة بين 2 و17 فبراير 2025.

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