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Timeframe for property tax recovery
The Zakat, Tax and Customs Authority clarifies that the processing time for real estate transaction tax refund requests in Saudi Arabia is up to 15 working days from the date of the prior cancellation request before vacancy. After the request is approved, the amounts are refunded within 10 working days of the issuance of the decision. It is specified that a 5% tax rate applies to the purchase and sale of land and real estate, and the government bears the first-home tax liability up to 1 million riyals. Additionally, cases of estate distribution among heirs are exempt from the tax when a certified division decision is attached. Emphasis is placed on completing the required documents and cancellation procedures before submitting the refund request to facilitate the process.
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