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Cabinet Approves Real Estate Transaction Tax Law

Reading time: < 1 Minuteرأس صاحب السمو الملكي الأمير محمد بن سلمان بن عبدالعزيز آل سعود ولي العهد رئيس مجلس الوزراء – حفظه الله -، الجلسة التي عقدها مجلس ... Read more

5% is levied on the value of the sale or transfer of the property and is payable upon real estate clearance or notarization.

18/09/2024

In detail... Approval of new amendments to the Electricity Service Provision Manual

نُشرت في أم القرى: دورة فوترة حتى 31 يومًا، إلزام الفواتير إلكترونيًا وإجراءات إنذار قبل قطع التيار.

Ejar Network - Documentation of the rental contract

What are the terms of residential and commercial leases and how do they work?

Rent platform: The minimum lease term is one day and the maximum term is 30 years and can be documented through an authorized real estate broker

Public Authority for State Properties 2025 logo

«State Real Estate offers 15 investment opportunities with terms of up to 30 years

تشمل الفرص تجارية وسكنية ومحطات وقود بمناطق متعددة، والتقديم عبر بوابة "فرص" وتسليم العرض يدوياً بالرياض.

Public Authority for Real Estate logo - Regulatory Tours

What are the most important real estate brokerage license requirements for establishments?

Basic requirements for a broker's license: Valid business registration, qualified manager, training certificate, payment of fees, and regulatory compliance.

4 cases that allow a landlord to terminate a lease without refunding the tenant

Electronic procedures to terminate the contract in case of violations, while preserving the tenant's rights and the possibility of grievances through the "Ejar" platform.

June 30. Deadline for filing financial statements for companies whose fiscal year ends at the end of 2024

The ministry requires the preparation and filing of lists within six months electronically via the Qaqaas platform and warns of fines.

Infographic: 22,000 virtual notarizations during Eid al-Adha

Various e-documentation services through the Najeez platform around the clock with authentication of the parties through Absher.

Zakat, Tax and Customs Authority

“Zakat carries out more than 15 thousand inspection visits in May

The visits included the retail, tobacco and gold sectors and revealed irregularities in invoices, notices and tax stamps, with a reward system for reporting.

Today. The ban on working under the sun goes into effect

تنفيذ الحظر على منشآت القطاع الخاص يوميًا من 12 إلى 3 ظهرًا حتى 15 سبتمبر، مع دلائل وطرق الإبلاغ (19911).

Minister of Finance Mohammed Al-Jadaan - Real Estate Transaction Tax Executive Regulations

In detail... Adoption of new amendments on zakat for real estate projects and «off-plan sales»

The Minister of Finance approves amending Article 73 of the Zakat Collection Regulation to regulate the calculation and zakat treatment of the assets of projects under construction.

Abdulhakim Al-Kharji - 95th National Day

Building without permission. And the system between justice and mercy

Clarifying the provisions of Articles 651-653 of the Civil Transactions Law regarding building or planting on non-owner's land

Daifallah Almutani - Real Estate Broker

Disguised real estate fraud. From «The Guardian» to the «offending broker»

Handing over keys to unlicensed individuals facilitates irregular brokerage and exposes the market to financial and legal risks

Working in the sun

Next Sunday. The ban on working under the sun goes into effect

The ban applies to private sector facilities from June 15 to September 15, daily from 12pm to 3pm.

Attribution and Liquidation Center Real Estate Auction

“Enforcement oversees 19 auctions to sell 157 assets in 7 regions

The auctions will take place from June 1-15, 2025 and details of the terms are available on Enforcement's website.

Ministry of Industry and Mineral Resources announces the establishment of the non-profit Industrial Innovation Association

It aims to support research and innovation, empower innovators and entrepreneurs, and localize the manufacture of prototypes in accordance with Vision 2030

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