Saudi Arabia opens VAT real estate refund applications

The General Secretariat of the Zakat, Tax, and Customs Committees in Saudi Arabia has begun accepting claims for recovery of Value Added Tax (VAT) on real estate supplies carried out by individuals between January 1, 2018, and October 4, 2020. This applies to those who did not regularly engage in real estate activities or made supplies within the mandatory registration threshold. To be eligible, the supply must have been made by an individual who did not deduct input tax and has received linked tax; additionally, there should be no transactions exceeding 12 months that surpass the registration limit. Individuals who meet all these conditions can submit claims to recover the tax and associated penalties.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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