Saudi Arabia: Tax on Vacant Land Imposed
Type
E-journal
Date
25 Mar 2015
Jurisdiction
Saudi Arabia
Taxonomy
General Real Property Law, Property Taxes
Copyright
LexisNexis
Analysis
Saudi Arabia's Cabinet has approved a recommendation from the Council for Economic and Development Affairs to impose a tax on vacant lands in urban areas in the Kingdom.
The Cabinet has asked the Council to prepare a system for the implementation of the programme.
The proposal will be submitted to the Council of Ministers and then the Shoura Council for approval.
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