Real Estate Transaction Tax Implementing Regulations

Release Date:	1442-02-15
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	712
Validity:	Cancelled
Date of last amendment:	1445-09-02
Summary:	By AI The Implementing Regulation for the Real Estate Transaction Tax issued by the General Panel for Zakat and Income includes essential definitions and imposes a tax of 5% on the total value of real estate transactions, with specific exceptions such as transactions related to the Distribution of Inheritance and charitable transactions. The tax is due upon the action based on the agreed value and must be paid before notarization, with specific deadlines for payment. The regulation includes financial ...

Release Date:

1442-02-15

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

712

Validity:

Cancelled

Date of last amendment:

1445-09-02

Summary:

By AI

The Implementing Regulation for the Real Estate Transaction Tax issued by the General Panel for Zakat and Income includes essential definitions and imposes a tax of 5% on the total value of real estate transactions, with specific exceptions such as transactions related to the Distribution of Inheritance and charitable transactions. The tax is due upon the action based on the agreed value and must be paid before notarization, with specific deadlines for payment. The regulation includes financial ...