The General Authority of Tax and Zakat (GAZT) issued Ministerial Decision No. 1754 (30 November 2020) setting forth the rules and conditions for real estate developers to be eligible for recovery of input tax related to exempt real estate supplies.
Source: KPMG
Latest Posts in "Saudi Arabia"
- The Ministry of Finance defined penalties for non-compliance with the e-invoicing system
- Saudi Arabia 2025: Stricter Excise Tax Rules, Digital Tracking, and Tougher Penalties Announced
- Saudi VAT Grouping Overhauled: Stricter Criteria, New Exclusions, and Compliance Demands for 2025
- ZATCA Calls on Taxpayers to Benefit from Fines Cancellation and Penalties Exemption Before Deadline
- Saudi VAT 2025: Digital Marketplaces Face New Deemed Supplier Liabilities and Compliance Challenges
