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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 Authority Logo

The General Authority for Real Estate solicits opinions on the technical guide to address stalled and delayed real estate projects

An invitation to the municipal services and planning sector to provide feedback on the guide via the survey platform (August 4-19, 2024).

Nagz platform

Requirements for updating and amending the real estate deed and application steps

The Najeez platform allows converting paper sukuk into electronic sukuk and submitting requests for updates or amendments electronically without visiting the notary office.

Legal and Real Estate Tips How to avoid fraudulent leases

Lawyer Faisal Al Rumaih offers practical guidance: Read the entire contract, check the deed, deal with a reliable developer and avoid suspicious transfers

Saudi Commission for Certified Valuers

In detail. Adopting the rules governing the provision of real estate appraisal services to financing entities

Registration requirements include a fellowship certificate, 5,000 hours of experience, five members, minimum fee arrangements, and disbursement of dues through the Qayyim platform.

Cadastre

Real Estate Registry achieves ISO 20000 certification in IT service management

The certificate reflects the entity's commitment to promoting digital transformation and increasing the efficiency and reliability of IT services.

Off-plan real estate projects

Real Estate Authority conducts 11 joint monitoring tours targeting 173 real estate establishments during the month of July

KDIPA monitored 11,367 violating ads and received 603 reports during tours and e-surveys to verify real estate compliance.

Real Estate Brokerage System

Documentation of 219 thousand contracts. 3.5 million real estate transactions since the implementation of the real estate brokerage system

KDIPA has documented 219 thousand contracts and organized 3.5 million transactions worth more than 605 billion riyals since the implementation of the system.

Cabinet grants the Endowments Authority the authority to invest real estate funds deposited with it

A decision allowing the investment of expropriated real estate funds in the public interest was announced during a session that reviewed the Vision 2030 reports.

Off-plan real estate projects

How are real estate marketing and sales contracts concluded and what are their terms?

KDIPA clarifies the steps to conclude marketing and sales contracts electronically and the conditions for licensing and approval via text message.

Real Estate Brokerage Survey

The Real Estate Brokerage System A Year of Major Transformations Val's license is the most important gain

After a year of implementation, the market is organized, trust and transparency are increasing, and the VAL license has opened up job and investment opportunities.

Taif Municipality conducts monitoring tours to ensure compliance with the requirements of the Saudi Building Code

Building code management teams conduct field tours on buildings under construction to follow up on implementation and penalize violators.

Franchising - Facilities

“Monsha'at launches real estate innovation accelerator in partnership with the Ministry of Municipalities and Housing

A 12-week accelerator that supports 12 startups selected from over 600 entries to develop innovative real estate solutions.

Real Estate Registration Authority Logo

Infographic: Requirements for concluding and documenting a real estate brokerage contract

KDIPA clarifies the requirements for documenting real estate brokerage contracts and the procedures for concluding them electronically through KDIPA's platform and the conditions of the VAL license.

Off-plan real estate projects

Infographic: 5 new features available for real estate brokerage contracts Learn about them

The General Real Estate Authority offers five new features for brokerage contracts to facilitate documentation, including printing, digital maps, and resident registration.

Cabinet of Ministers

After approval by the Council of Ministers 24 Articles of the Anti-Corruption Law Promote Transparency and Integrity

The law grants the commission powers of investigation and prosecution, independence of the unit, and financial settlements to recover stolen funds

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