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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 …

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