Did you know that RETT compliance is essential when engaging in real estate transactions in Saudi Arabia?

In the Kingdom of Saudi Arabia, compliance with the Real Estate Transaction Tax (RETT) is crucial for all property transactions. Understanding and adhering to RETT regulations is vital to manage legal and financial risks effectively.

To aid in this process, we have developed the first in a series of insightful flyers that highlight the critical aspects of RETT compliance. This initial flyer provides an overview of the seller’s responsibility for tax payment, potential liabilities for buyers, and the various exemptions available, including those for transactions between group entities. It also underscores the importance of accurate reporting through the Zakat, Tax, and Customs Authority (ZATCA) portal.

Our flyer serves as a valuable resource to ensure that all property transactions are conducted within the bounds of Saudi tax laws. For more detailed guidance, please download the attached PDF.