Saudi Arabia introduces 5 pct ‘Real Estate Transaction Tax’

Saudi Arabia introduces 5 pct ‘Real Estate Transaction Tax’

Saudi Arabia will impose a new five percent tax on real estate transactions, according to a Royal Decree by King Salman bin Abdulaziz, state news agency SPA reported on Thursday.DevelopingSaudi Arabia will impose a new five percent tax on real estate transactions, according to a Royal Decree by King Salman bin Abdulaziz, state news agency SPA reported on Thursday.Developing