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Higher penalties for property tax evasion
The article primarily discusses the details of the penalty system for tax evasion related to real estate transactions in Saudi Arabia. It explains that the fine is doubled to three times the value of the tax in cases of severe evasion. The article covers various categories of violations and their causes, along with an explanation of the criteria used to determine the amount of the fine, such as the extent of evasion and aggravating circumstances. Additionally, it outlines the penalties for violations such as providing false information, failing to register properly, and not cooperating with the authority. These penalties range from warnings to financial fines that can reach 50,000 Saudi riyals or the amount of the owed tax, depending on the recurrence of the violation.
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