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Finance Minister approves amendments to the executive regulations of the real estate transaction tax

Reading time: 3 Minutesاعتمد  وزير المالية رئيس مجلس إدارة هيئة الزكاة والضريبة والجمارك معالي الأستاذ محمد الجدعان، تعديل اللائحة التنفيذية لضريبة التصرفات العقارية، على أن يتم العمل بالقرار ... Read more

Amendments specify conditions for real estate transfer exceptions for companies and real estate investment trusts and require audited financial statements.

05/05/2024

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

“Zakat clarifies the mechanism for refunding the real estate transaction bill

If the sale is canceled through the real estate portal, the amount will be returned to the same IBAN within 15 working days.

Cooperation between the General Authority for Real Estate and the Presidency of State Security to protect the real estate sector from exploitation

Signing minutes outline coordination mechanisms to implement financial sanctions, raise awareness and build capacity in the real estate sector

Makhwah Chamber discusses real estate development programs in a workshop

The workshop, in cooperation with Al-Baha Municipality and the Housing Affairs Agency, presented transformation and empowerment programs and platforms to stimulate and develop the housing supply.

Zakat, Tax and Income Tax Authority - Exemption from financial penalties

“Zakat invites businesses to submit VAT returns for July

KDIPA requires businesses with more than SAR 40 million in supplies to submit VAT returns for July before August 31

Saudi Contractors Authority - Contracting Industry

Al-Ajlan elected as Chairman of the Board of Directors of the Saudi Contractors Authority and Ibn Tuwaili as Vice Chairman

The Fourth Cycle Council includes government, private sector and expert representatives to promote policy integration and address the challenges of the construction sector.

Off-plan real estate projects

General Authority of Real Estate announces two new updates to the real estate brokerage platform

Add an auction request service and optimize non-electronic documents by including the Economic Cities Authority document.

Al Fursan Suburb Project

Deadline to vacate rented land in Al Fursan Suburb project ends at the end of December

Government authorities have until the end of December to evacuate the stables and remove the land.

Building license via Baladi platform

International Code Council: Saudi Arabia's building code has become a major hub in promoting building and safety standards

The comprehensive code improves the safety and sustainability of buildings and provides essential technical guidance for engineers and contractors.

Abdulaziz Al-Issa - Third Amlak Centennial - Lifting the land moratorium - Saudi Media - Vision 2030

Outdoor signage between art and regulations

The role of outdoor signs in improving the urban landscape requires a balance between artistic creativity and compliance with municipal regulations.

Survey... Exterior panels

Exterior signage is beauty and organization Compliance with legislation and control limits visual distortions

Experts and artists emphasize that adherence to specifications, censorship and intellectual property protection improves urban appearance

Cabinet of Ministers

Cabinet approves investment system. And Falih: Provides an attractive and supportive environment for investors

The updated system is a pillar of the national strategy and will come into force in early 2025 to enhance the attractiveness of the investment environment

Off-plan real estate projects

Learn about the penalties for violations of the off-plan real estate sales and leasing system

The General Authority for Real Estate (GAR) is releasing the schedule of violations for consultation until August 23, which includes 26 violations and fines of up to half a million riyals.

General Authority for Competition

Infographic: 6 contracting companies fined SAR 77.5 million for violating the competition law

The authority conducted investigations and gathered evidence of collusion in the bidding process and filed a criminal case before the adjudication committee.

Zakat, Tax and Customs Authority

“Zakat Authority invites businesses to submit tax withholding forms for the last month

It calls for forms to be submitted via zatca.gov.sa before August 11, warning of an 1% late penalty every 30 days.

Stalled real estate projects

6 requirements to address the trajectory of stalled off-plan real estate projects

The General Real Estate Authority (GRA) has released a practical guide for addressing defaults and opened the door for feedback, outlining six corrective actions.

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