Saudi Arabia's Cabinet has approved the introduction of a new 2.5% tax on the value undeveloped urban land. The tax will apply 180 days after it is published in the Official Gazette, and will be levied annually.

Saudi Arabia's Cabinet has approved the introduction of a new 2.5% tax on the value undeveloped urban land. The tax will apply 180 days after it is published in the Official Gazette, and will be levied annually.
Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.
Free trial available. Cancel anytime. Free Orbitax account required.
Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.