Saudi Arabia issues Real Estate Transaction Tax Law

06 November 2024|Tax Alerts, Legislation & Policy, National/Federal Taxation, Global|Saudi Arabia

Saudi Arabia has issued the Real Estate Transaction Tax Law, which has been published in the Official Gazette.
The law details the exemptions available for various categories of real estate transactions and provides clarity on various aspects of real estate transactions.
Taxpayers involved with real estate should review the provisions of the law to facilitate compliance and evaluate whether any potential benefits apply for the relevant real estate transactions.

Executive summary

On 22 Septembe…

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