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Saudi Arabia announces amendments to Real Estate Transaction Tax Implementing Regulations

|Tax Alerts, Legislation & Policy, Na ...|Saudi Arabia
Saudi Arabia

  • Saudi Arabia has amended the Real Estate Transaction Tax Implementing Regulations.
  • The amendments broaden the exemptions for certain real estate transactions.
  • The amendments encourage public participation in the capital markets by creating incentives for offering shares and fund units for public subscription.
 

Executive summary

On 3 May 2024, Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) announced the approval of amendments to the Real Estate Transaction Tax (RETT) Implementing Regula…

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