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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

Saudi Contractors Authority honors the winners of excellence awards in the contracting sector

The third edition concluded in the presence of the Deputy Minister and President of KDIPA and honored the winners in 11 categories to promote quality, innovation and sustainability

Public Investment Fund

Initiative to boost participation of local contractors in Public Investment Fund projects

The Federation of Chambers, the National Committee for Contractors and the Investment Fund held a meeting to activate the participation of national contracting companies and increase local content

Saudi Commission for Certified Valuers

“Taqeem refers violators to the Public Prosecution as part of its efforts to monitor and control violations

KDIPA referred a certified appraiser and another for unlicensed practice to the prosecution on charges of forgery and practicing appraisal without a license.

Volunteer Day Ceremony

Ministry of Municipal and Rural Affairs and Housing organizes Saudi and International Volunteer Day celebration

In the presence of Minister Majid Al Haqeel and honoring volunteers, launching initiatives, competitions, empowerment programs, tree planting and clothing recycling corner

Real Estate - Ejar Platform

Paying rent through Ejar platform only from next month

KDIPA confirms rejection of off-platform payments to ensure transaction security and service integration with government entities

Rent - Residential Contracts - Refunds

Video | Ejar platform warns against dealing with unlicensed real estate brokers

She published a video in which she called for dealing only with brokers who have a VAL license to avoid fraud and preserve rights.

Quality of Life -- Municipal Services

30% of municipal services to be privatized next year 2024

The ministry has completed 19% and plans to increase private sector participation to 70% across 8 tracks and 22 indicators.

Ministry of Municipalities and Housing - Group Housing Requirements

“Municipality and Housing” launches “Requirements Development Committees” project”

Initiative engages the private sector through 14 sectoral committees and more than 50 sub-committees to review and develop municipal requirements

Evidence Law - Real Estate Transactions - Companies Law

Courts Receive 153.4K Claims in Commercial Contract Disputes

Ministry of Industry and Mineral Resources - Certificate of Origin

Industry launches industrial and mining consulting license service

Territory

Conditions for obtaining free land, registration steps and required documents

Spokesperson for the General Real Estate Authority - Penalty for providing real estate informationTaysir Al-Mafraj

End of the feedback period on the draft executive regulations of the Real Estate Contributions Law

Saudi Contractors Authority

Saudi Contractors Authority and the Ministry of Foreign Affairs sign an agreement to exchange services

Raising the efficiency of real estate developers

Ministry of Municipality and Housing signs memorandum of cooperation to raise the efficiency of real estate developers

Public Authority for Real Estate - Off-plan Selling

PRA plans to organize workshops to raise awareness and develop real estate procedures

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