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Amlak publishes a panorama of the Real Estate Contributions Law The most important articles

Reading time: 2 MinutesThe Cabinet's decision to approve the Real Estate Contributions Law has been widely praised and welcomed within the real estate sector, as Mr. Majid Al-Hogail, Minister of Municipal and Rural Affairs and Housing and Chairman of the Real Estate Authority, said

20/07/2023

Real Estate Contributions Law

وزارة الإسكان تجدد دعوتها للمواطنين للاستفادة من برنامج البناء المستدام وخدمات فحص المباني الجاهزة

Value Added Tax

Organizations have the right to correct return errors. «Zakat and Income» emphasizes tax returns and threatens fines for defaulters

Property

The 33-article system The Shura Council approves the draft law on the ownership and sorting of real estate units  

Government Procurement - Ministry of Finance - Real Estate Investment

Ministry of Finance launches 4 e-services through Etimad digital platform to facilitate financial procedures and transactions

Real estate loans

Saudi Arabian Monetary Authority (SAMA) launches the national electronic platform for business invoices “Receipt Platform”

real estate - building permits - projects - residential real estate development - projects - schemes - residential projects

Developer Services Center intensifies its preparations to implement the electronic link for issuing building permits, meets with a number of municipality secretariats

Investment

أكدت قوة النظام المالي السعودي.. المملكة تحجز مقعدها الدائم في مجموعة العمل المالي “فاتف”

Real estate appraisal

Penalties include financial penalties, and the committee approves 50 violations. Violators will be removed from the registry

Real estate

Shura Council approves amendments to the Law on Expropriation of Real Estate for Public Benefit and Placement of Hands

Plot of land

Development of two fee lands with an area of 70,000 square meters Ministry of Municipal and Rural Affairs approves planning

VAT Payment - Real Estate

Ministry of Housing issues 52.22 thousand tax exemption certificates as of the end of May

Vacant real estate

Calls for measures to curb organized crime «Amlak conducts field tours and warns against thieves in empty buildings

Accreditation of the Saudi Housing Guarantee Company

Minister of Housing Approves Rules for Implementing the White Land Development Incentive Regulation

Housing finance

 Eliminates confusion based on judicial rulings The Council of Ministers decides that the regulation of housing support will apply to all applications submitted to the Real Estate Fund

real estate

The Real Estate Authority presents the draft Real Estate Registration System to enhance property rights and minimize conflicts

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