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24 May 2021

Real Estate Transaction Tax (RETT) in KSA

What you need to know about RETT in Saudi Arabia

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The Real Estate Transaction Tax (RETT) was introduced in the Kingdom of Saudi Arabia (KSA) with effect from 4 October 2020. Unless specifically exempted it applies to all land and property sales (and rights thereto), assignments, transfers and similar that take place in the Kingdom. This is a new tax in KSA and will have a far reaching impact for those companies and organizations involved in any real estate, construction or sales activities with immediate effect.

Deloitte has created a document that will help you navigate this new world of RETT in KSA.

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Mark Junkin

Partner | Tax | UAE Indirect Tax Leader

Michael Camburn

Partner | Tax | Indirect Tax Leader

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