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Zakat proposal would allow real estate developers to recover VAT retroactively

Reading time: < 1 Minuteطرحت هيئة الزكاة والضريبة والجمارك، على منصة استطلاع، مقترح حالات إضافية للسماح باسترداد ضريبة القيمة المضافة للمطورين العقاريين المؤهلين لاسترداد الضريبة، لرأي العموم في موعد ... Read more

The CRA has until February 8 to propose rules for tax refunds to developers for invoices since October 4, 2020.

15/01/2024

Zakat, Tax and Customs Authority
Real Estate Registration Authority Logo

“Real Estate Authority” conducts 12 monitoring rounds and monitors 9457 real estate advertisements

KDIPA visited 148 establishments, carried out 13,255 field inspections, tracked 14,559 electronic surveys, and processed 213 reports.

Arab Union for Construction and Real Estate Development announces its 2025 vision and initiatives

held in Cairo under the auspices of the League of Arab States; adopted the permanent headquarters in Makkah, opened membership and signed cooperation agreements

Citizen's account

Citizen Account Program begins applying financial capability criteria to applicants and activating field visits

Implementation of financial capability criteria and activation of field visits to verify eligibility as of January 2025.

Ministry of Investment and Saudi Contractors Authority sign MoU to support the contracting sector

The memorandum aims to qualify Saudi contractors to export competencies, facilitate the entry of international companies and market investment opportunities in accordance with Vision 2030

Custodian of the Two Holy Mosques

Custodian of the Two Holy Mosques directs the extension of the Citizen Account Program to the end of 2025

Citizen Account program extended until the end of 2025 with additional subsidies and open registration for beneficiaries

Cadastre

Real Estate Registry begins registering 90,804 real estate plots in Riyadh and Medina

Owners are required to register their properties via rer.sa before February 27, 2025 to benefit from services and avoid penalties.

Infographic: Everything you need to know about the Real Estate Registrar Its services, benefits and objectives

The Real Estate Registry launches a digital service to facilitate transactions and document rights without visiting branches, in support of the goals of the Kingdom's Vision 2030.

Ministry of Commerce - Saudi Companies

Ministry of Commerce: 60 days left before the deadline for amending the Articles of Incorporation expires

Companies are invited to amend their articles of incorporation via business.sa before January 18, 2025, with no current publication fees.

182 properties on Khalid bin Al-Walid Street and King Khalid Road Tunnel in Taif to be demolished

Prince Saud bin Nahar inspected the expansion of the road, bridge and tunnel from Bab Al-Hazm to Wadi Waj, and the percentage of completion 64%

PRA and Land Registry launch real estate developer portal during Cityscape

PRA and Land Registry launch real estate developer portal during Cityscape

A platform within the Real Estate Registry to document off-plan sales projects and issue and digitally convert certificates into title deeds.

«Industry» issues 28 mining licenses in August

The licenses included exploration, quarries, and surplus ores, bringing the total number of active licenses to 2,288 by the end of August.

Infographic: 11 local and international companies win exploration licenses for 6 mining sites

The tour included 6 sites in Riyadh, Makkah and Asir, with 44 offers, and companies pledged to spend 75 million and 5 million riyals for development.

Shura Council

Shura Council discusses the annual report of the Real Estate Fund amid calls to reduce the prices of housing products

Council members suggested Aramco-like housing programs, incentives for retirees and the use of artificial intelligence for market forecasting

Ministry of Municipalities and Housing organizes GCC standardized classification workshop for contractors

A workshop in Riyadh attended by the General Secretariat and representatives of the Gulf countries to discuss the development of a guide and mechanisms for the unified classification of contractors.

Dr.. Dr. Moans Shujaa writes about: Teamwork and Startups

Executive or ownership management for family businesses

The separation of management and ownership strengthens governance, increases investor confidence, and ensures the sustainability and expansion of family businesses.

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