Implementing Regulation of the Real Estate Transactions Tax Law

Release Date:	1446-09-24
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	25-03-01
Validity:	Valid
Summary:	By AI The Board of Directors of the Zakat, Tax, and Customs Authority issued a decision approving the Implementing Regulation of the Real Estate Transactions Tax Law, which includes important definitions and procedures for data correction. The Regulation imposes a 5% tax on all real estate transactions, with the value calculated based on the fair market value. The tax includes transactions related to real estate companies, where company ownership is considered a real estate transaction in certain case...

Release Date:

1446-09-24

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

25-03-01

Validity:

Valid

Summary:

By AI

The Board of Directors of the Zakat, Tax, and Customs Authority issued a decision approving the Implementing Regulation of the Real Estate Transactions Tax Law, which includes important definitions and procedures for data correction. The Regulation imposes a 5% tax on all real estate transactions, with the value calculated based on the fair market value. The tax includes transactions related to real estate companies, where company ownership is considered a real estate transaction in certain case...