Real Estate Transaction Tax (RETT) in KSA has been saved
Real Estate Transaction Tax (RETT) in KSA
What you need to know about RETT in Saudi Arabia
The Real Estate Transaction Tax (RETT) was introduced in the Kingdom of Saudi Arabia (KSA) with effect from 4 October 2020. Unless specifically exempted it applies to all land and property sales (and rights thereto), assignments, transfers and similar that take place in the Kingdom. This is a new tax in KSA and will have a far reaching impact for those companies and organizations involved in any real estate, construction or sales activities with immediate effect.
Deloitte has created a document that will help you navigate this new world of RETT in KSA.