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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
Ministry of Municipalities and Housing - Group Housing Requirements

“Municipalities and Housing” solicits opinions on new requirements for transportation rental offices

MOTC launches draft requirements for vehicle rental offices on a "poll" platform to receive public feedback until January 2, 2025

Residential program

Details... Riyadh Secretary launches alliance to develop real estate projects in the capital

50% partnership between Riyadh Development Company and FTG to manage a fund that will invest in a tower project in Wadi Wadi worth more than SAR 3.5 billion.

“Zakat” invites organizations to submit VAT returns for the month of November

A reminder of the December 31 deadline for establishments whose annual supplies exceed SAR 40 million to avoid late penalties.

Saudi Arabia participates in the 41st session of the Council of Arab Ministers of Housing and Construction in Algeria

A Saudi delegation headed by Undersecretary of the Ministry of Municipalities and Housing Abdulrahman Al-Tawil participates in the 41st session of the Arab Housing Conference in Algiers.

Saudi Contractors Authority

Video... Saudi Contractors Authority organizes the Contracting Excellence Awards 2024

The ceremony was sponsored by the Minister of Municipalities and Housing and included 16 awards to honor excellence, promote innovation and develop competencies in the contracting sector.

To protect beneficiaries Riyadh Municipality launches “Teeqan” service to verify building data before purchasing them

The service allows access to building licenses, occupancy certificates, and violations to ensure transparency of transactions

Territory

Riyadh Municipality continues to invite owners to obtain fencing permits for vacant land within the capital

Encouraging owners to issue permits electronically to reduce waste and encroachment and improve the urban landscape as part of Vision 2030.

“Tanmeyah begins disbursing compensation to owners of properties expropriated for the New Square project

Disbursement of compensation to owners of properties expropriated for the New Square project has begun with scheduled appointments at the Riyadh branch, for inquiries 8001210020

Abdul Elah Al Mana Business Community Ceremony

Business Community Gala 2024: The starting point for partnerships and investment opportunities in 2025

The event brought together business leaders to strengthen relationships and build partnerships and investments that support the goals of the Kingdom's Vision 2030.

Ministry of Industry logo

Ministry of Industry issues more than 38,000 certificates of origin last month

The service covers four models of certificates of origin, targeting industrial and commercial establishments and individuals, and is available online.

Ministry of Municipalities and Housing - Group Housing Requirements

“Municipalities and Housing” launches a new package of model contracts for the municipal and residential sectors Details

The package includes 26 guiding templates available for free on the Baladi Business platform to standardize contracts and reduce disputes.

Public Authority for Real Estate Taysir Al-Mafraj

Real Estate Authority spokesperson explains: How to avoid becoming a victim of real estate fraud

Al-Mufaraj identifies fraud indicators, explains the platform's two query features, and offers four practical tips.

Off-plan real estate projects

Infographic: What are the terms of real estate brokerage contracts?

Public Authority for Real Estate emphasizes the importance of signing brokerage contracts and clarifies their basic clauses to protect rights and promote transparency

Infographic: Who is required to issue a building compliance certificate?

Checking via Baladi app map to see if a building is bound by a certificate of compliance and the necessary conditions

Shura Council

Shura Council calls on the Real Estate Fund to expand the mortgage profit reduction program

He called on the fund to develop a self-construction product, study the rescheduling of mortgage loans after retirement, and coordinate to adopt modern construction methods.

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