First
Allowing qualified real estate developers for refunds who have deducted the value-added tax incurred on their purchases of goods or services related to eligible real estate supplies within their declarations submitted to the authority, to claim a retroactive refund of that tax, effective from the date of 4/10/2020, or from the date they meet the items (First), (Second), and (Third) of Ministerial Decision No. (1754) dated 15/4/1442H, which includes "the controls and conditions required for the licensed real estate developer qualified for the refund of the value-added tax paid on their purchases related to exempt real estate supplies," whichever occurs later, by including that paid tax in the refund requests to be submitted to the authority, with a maximum of the request for the last period of the calendar year in which this decision is effective, or the last period of the calendar year during which the value-added tax declaration was amended, whichever occurs later, while considering the following conditions:
A- The qualified real estate developer must be registered as a taxable person with the authority during the period for which they will claim the tax refund.
B- The value-added tax declarations must have been amended with the corresponding tax for the invoices they will claim a refund for as a qualified person for previous periods, and they must provide the authority with the related invoices and documents.
C- The qualified real estate developer must have evidence that the tax they will claim a refund for has been paid and relates to eligible real estate supplies.
