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Saudi Arabia's cabinet approves new land tax ruleSaudi Arabia's cabinet has approved a tax on undeveloped urban land and rules allowing foreign investors to own 100 per cent of retail and wholesale businesses, the official SPA news agency said on Monday. The 2.5 per cent ann More… |
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Saudi Arabia's cabinet approves new land tax ruleSaudi Arabia's cabinet has approved a tax on undeveloped urban land and rules allowing foreign investors to own 100 per cent of retail and wholesale businesses, the official SPA news agency said on Monday. The 2.5 per cent ann More… |
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Saudi Arabia to net $20bn from new land taxThe levying of tax on undeveloped land in urban centres across Saudi Arabia will add another SR75 billion ($20 billion) to the government coffers besides bringing down the real estate prices to rational levels and resolving the country's hou More… |
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Saudi council approves tax on undeveloped landSaudi Arabia's Shura Council, the body that advises the government on legislation, endorsed a tax on undeveloped land aimed at encouraging development and solving a housing crisis, the state-affiliated Al Riyadh newspaper reported on Tuesday More… |
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Saudi Shura to discuss vacant land taxSaudi Arabia's Shura Council plans to meet on Monday to discuss imposing a tax on undeveloped land, the official Saudi Press Agency reported on Thursday. The body advises the government on legislation. SPA did not give any det More… |
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Potential loopholes could limit impact of Saudi land taxA planned tax on undeveloped urban land may transform Saudi Arabia's real estate market, boosting construction and making homes more affordable, but potential loopholes could dilute the impact and make the effect on the market hard to predic More… |
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Saudi land tax unlikely to hurt business: Dar Al ArkanDar Al Arkan Real Estate Development Company, one of Saudi Arabia's largest listed property firms, said a planned tax on undeveloped land was unlikely to be applied to its huge land bank or push the kingdom's land prices down sharply. More… |
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Saudi mulls land tax to prompt developmentSaudi Arabia's Shoura Council is considering taxing unused land, Al-Eqtisadiah daily reported on Wednesday, in a move that could help uncork a serious housing bottleneck in the world's top oil exporter. 'The relevant committee More… |
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Saudi studies land tax to prompt developmentSaudi Arabia's Shoura Council is considering taxing unused land, Al-Eqtisadiah daily reported on Wednesday, in a move that could help uncork a serious housing bottleneck in the world's top oil exporter. "The relevant committee in the Shou More… |
