The General Authority of Zakat and Tax (ZATCA) announced today, Thursday, November 26, the commencement of receiving public views and suggestions regarding the draft "Real Estate Transaction Tax" (RETT) Law. Implementation of this tax began on October 4, pursuant to Royal Order No. (A/84) dated 14/2/1442 AH.
The Authority invited interested stakeholders and the public to express their opinions and submit proposals regarding the draft "Real Estate Transaction Tax Law" no later than December 25, 2020.
The draft regulation can be accessed by clicking (here). Opinions and suggestions can be submitted by completing the public consultation form and emailing it to the Authority at: (public_consul@gazt.gov.sa).