Deloitte hosted the first session in a two-part webinar series on Saudi Arabia’s real estate tax overhaul, walking through the revised White Land Tax framework and the new Vacant Real Estate Tax regime, and what both mean for landlords, developers and property investors.
Saudi Arabia’s real estate tax landscape has been fundamentally overhauled, with enforcement already underway.
Deloitte webinar series: Part one – White Land Tax and Vacant Real Estate Tax in Saudi Arabia
The White Land Tax has been expanded and restructured, introducing a five-tier rate system of up to 10% annually, broadening its scope beyond residential land, and tightening the rules on disposal. Alongside it, the Vacant Real Estate Tax extends the cost of inaction from undeveloped land to unoccupied buildings across the Kingdom. In this session our team walked through both regimes:
- The revised White Land Tax framework and the new five-tier rate system
- The expanded scope beyond residential land and the tightened disposal rules
- How the Vacant Real Estate Tax applies to unoccupied buildings
- Thresholds and compliance obligations under both regimes
- Planning options available to landlords, developers and property investors
Part two of the series follows.
