Real Estate Transaction Tax Law

Release Date:	1446-03-19
Release Tool:	Royal Decree
Issuance Instrument Number:	m/84
Validity:	Valid
Summary:	By AI King Salman bin Abdulaziz Al Saud approved the Law on Real Estate Transaction Tax by Royal Decree No. (M/84) dated 14/3/1446 AH, where the Zakat, Tax, and Customs Authority was tasked with implementing the law. The law includes a one Hijri year grace period to rectify the status of undocumented real estate transactions, with the possibility of extending it by a decision from the Council of Ministers. Partners in companies are exempt from the tax in certain cases, and the law includes exceptions ...

Release Date:

1446-03-19

Release Tool:

Royal Decree

Issuance Instrument Number:

m/84

Validity:

Valid

Summary:

By AI

King Salman bin Abdulaziz Al Saud approved the Law on Real Estate Transaction Tax by Royal Decree No. (M/84) dated 14/3/1446 AH, where the Zakat, Tax, and Customs Authority was tasked with implementing the law. The law includes a one Hijri year grace period to rectify the status of undocumented real estate transactions, with the possibility of extending it by a decision from the Council of Ministers. Partners in companies are exempt from the tax in certain cases, and the law includes exceptions ...