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VAT and Real Estate Transaction Tax (RETT)

Key points to consider

Deloitte Middle East’s Tax and Real Estate teams are pleased to provide you with a summary of our understanding of the Real Estate Tax laws and regulations issued by the General Authority of Zakat and Tax (GAZT).

The Real Estate Transaction Tax (RETT) was introduced in Saudi Arabia on 4 October 2020. It applies to all land and property sales, assignments, transfers and similar that take place in the Kingdom unless specifically exempted. The paper summarises the most important applications of RETT and Value Added Tax on different types of real estate assets and tenures.
 
If you would like to learn more or have any queries, please contact Saud Alquaifil.
 

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The VAT and Real Estate Transaction Tax (RETT) one pager

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Get in touch

Robin Williamson

Robin Williamson

Partner | Real Estate

Robin joined Deloitte in 2010 to set up Deloitte’s Real Estate services practice in the Middle East. Robin’s role focuses on real estate valuation, feasibility, tourism hospitality & leisure, airports... More

Michael Camburn

Michael Camburn

Indirect Tax | Bahrain & KSA leader

Michael is the Indirect Tax Leader of Bahrain and the Kingdom of Saudi Arabia (KSA) based in Riyadh. He has over 25 years of experience in Value Added Tax (VAT).  He has worked across a number of juri... More