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Saudi Arabia proposes amendments to Zakat Executive Regulations for real estate projects under construction

|Tax Alerts, National/Federal Taxation, G ...|Saudi Arabia
Saudi Arabia

  • Saudi Arabia has proposed amendments to the Zakat Executive Regulations for off-plan real estate projects, adding a provision that addresses the zakat treatment of off-plan real estate sale projects.
  • Public consultation on the proposed amendments is open until 29 January 2025.
 

Executive summary

On 15 January 2024, Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) announced on the public consultation platform (Istitlaa), proposed amendments to Article 73 of the Executive Regulations for…

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