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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
Riyadh City - Investment - Tourism - Real Estate - Real Estate Offices - Real Estate Investment

Real estate expert Saud Al-Shuaibi calls for hiring Saudis with official contracts in real estate offices

3500 illegal real estate ads

PRA allocates exclusive incentives and facilities for classified real estate establishments to build the capacity of the real estate sector

Hotel rooms

Real estate expert Abdulaziz Al-Angari advises those looking to open real estate offices to cooperate with experienced professionals before the start of the process

Zakat & Income Tax - Zakat & Income Tax - Property Tax - Tax

GAZT launches 15 initiatives to stimulate the economy and encourage the private sector

Apartments for rent - apartment rental platform - residential rental - real estate lease

Ejar program completes 600 thousand notarized contracts ... and confirms the fine of 25 thousand riyals for contracts outside the network

Minister of Justice Engineering Offices - Commercial Courts - Emptying - Real Estate - Notarization

مركز الإسناد والتصفية “إنفاذ” يدعو المحاسبين والمحامين والمقيمين والمكاتب الاستشارية والهندسية للتسجيل في منصته

- Trade - Gulf Cooperation Council

GCC adopts recommendation to impose customs duties to combat the dumping of ceramic tiles and porcelain tiles of Chinese origin

Riyadh - Real Estate in Riyadh - Trade Names System

أربع مراحل لتنفيذ قرار إلزام المقاولين بالتأمين ضد العيوب الخفية على المباني والإنشاءات

Commercial Arbitration Center - Trade

The Saudi Center for Commercial Arbitration plans to launch “Emergency Mediation during the Coronavirus Pandemic”

Real Estate Prices - Real Estate

Public Authority for State Properties releases draft of the “Public Interest Expropriation and Temporary Seizure of Real Estate Law”

King Salman bin Abdulaziz - Electricity Services

Cabinet approves providing electricity and water services to beneficiaries without requiring any certificate

Conciliation platform

Ministry of Justice issues 10,897 rulings during the suspension of attendance at workplaces

Municipal Affairs - Rental Properties - Real Estate

“The Ministry of Municipal and Rural Affairs grants 60 new powers to regional and governorate secretaries, deputy ministers and department directors

Retail Housing Finance

Royal orders limit unlicensed finance activity and set controls to prevent the exploitation of defaulters

Royal Orders - Private Sector - Labor Market

Royal orders modify curfew times and allow some economic activities, including contracting and factories, to operate

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