The Saudi Zakat, Tax, and Customs Authority (ZATCA) has published the Guideline - VAT Exemption of Real Estate Supplies and its Effect on the Proportional Deduction Formula. The guideline outlines the method, requirements, and obligations for exempting real estate supplies from VAT and its effect on the proportional deduction formula as set forth in the Tax Laws and Implementing Regulations issued by ZATCA. It also provides an explanation for the definition of a real estate financier and the…