Saudi Arabia approves amendment to Executive Regulations for Zakat Collection on real estate and off-plan projects
|Tax Alerts, Legislation & Policy, Na ...|Saudi Arabia
Saudi Arabia issued Ministerial Resolution No. 1248 on 13 June 2025, announcing an approved amendment to Article 73 of the Executive Regulations for the Collection of Zakat (Bylaws) on real estate projects under construction and off-plan sales projects, issued earlier as a draft for public consultation.
The amendment clarifies zakat obligations for developers, encouraging better compliance and reducing ambiguity in the assessment process.
Taxpayers involved in real estate should review the amendm…
We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
EY
