Author name: Nashmi Al-Otaibi

Saudi Arabia’s Real Estate Transaction Tax (RETT) does not apply only to direct sales of land and buildings. In certain circumstances, a transfer of shares in a Saudi company can also trigger RETT. This is particularly relevant because the definition of a real estate company for RETT purposes is broader than many investors and business […]

Introduction The tax amnesty in Saudi Arabia is set to expire on 30 June 2024. The tax amnesty is a remarkable initiative from the Saudi Government, under which taxpayers can regularise their taxes with the Zakat, Tax and Customs Authority (“ZATCA”) and benefit from the cancellation of the associated tax penalties. With only 40 days