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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
Building license via Baladi platform

Al-Haqeel approves amendments to the executive regulations of the Contractor Classification System

The regulation stipulates the issuance of the classification certificate electronically for two years and verification procedures and requirements for accounting books and records.

Real estate applications

Ihkam reveals 5 conditions for real estate ownership applications in Saudi Arabia

The application must be submitted before 5/5/5/1444 AH, final title deed, cadastral report, representative's ID and Ihkam account registration

Zakat, Tax and Customs Authority

Zakat Commission reveals cases in which real estate transaction tax can be refunded

Commission: Refunds are available upon payment without canceling the sale, and the money is returned to the same IBAN account.

“National Housing Authority and New Square Development sign MoU to implement sustainability assessment standards

It aims to implement a sustainability assessment system for the New Square development project, which includes more than 100,000 housing units.

Jazan Chamber

ورشة عمل بغرفة جازان عن “نشر الوعي لخدمات وبرامج التطوير العقاري”

التعاون مع شؤون الإسكان تضمن محاور حول تقنيات البناء، تنمية القدرات وتحفيز الاستثمار في المعروض السكني.

Who is a real estate developer?

Real Estate Consulting and Analysis License Requirements and Benefits

The commission has adopted a regulation that requires licensure and specifies qualifications, experience, and a six-week training program.

Board of Directors Meeting

The Board of Directors of the Public Authority for Real Estate holds its 25th meeting and approves 2023 targets

The Board approved KDIPA's targets for 2024 and reviewed the governance of the strategy, the progress of the legislative system, and the structure of real estate registration.

CEO of the Saudi Geological Survey, Engineer Abdullah Al-Shamrani

“Geological Survey” launches the third international mining conference on January 9

Geological Survey gathers international survey leaders in Riyadh to promote cooperation, exchange expertise and support the sustainability of mineral exploration.

Jeddah Municipality - Unauthorized Buildings

Jeddah Municipality issued 7537 building violations during the third quarter of 2023

The Municipality notified 6,575 sites to correct their legal status, and violations included dumping construction waste and the absence of license plates

Public Authority for Real Estate - Off-plan Selling

Real Estate Commission Approves Regulations for Real Estate Consulting and Analysis

اللائحة تحدد شروط الترخيص للشهادات والخبرة لخدمات الاستشارات والتحليلات العقارية وتوضح المخالفات والعقوبات.

Al-Haqeel

Al-Haqeel meets Tabuk investors and inspects development projects in the region

Signing investment contracts worth more than 235 million riyals and inspecting the Tabuk Valley project with a completion rate of 55%

Saudi Commission for Certified Valuers

Saudi Commission for Accredited Valuers launches its new identity

New visual identity reflects the vision of elevating the evaluation profession and promoting professionalism, transparency, trust, and international cooperation

Tabuk Chamber discusses “Real Estate Development Programs” in a workshop

In cooperation with the Ministry of Municipal and Rural Affairs and Housing, it aimed to stimulate housing supply and encourage the private sector and landowners.

Ministry of Commerce - Saudi Companies

Clarification from the Ministry of Commerce on the violations and offenses of board members and the company's director

The ministry lists examples such as not filing financial statements or using funds and powers against the company's interests.

Hail Chamber discusses the transformation and empowerment program for real estate developers in a workshop today

A workshop will be held at the Chamber's headquarters at 4:00 pm with the participation of specialists to explain financing programs and mechanisms for submitting developer applications.

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