Draft RETT Implementing Regulations For Public Consultation

On 15 February 2025, The Zakat, Tax, and Customs Authority (ZATCA) published the draft Implementing Regulations for real estate transaction tax (RETT) for public consultation. The due date to submit feedback on the draft regulations through the public consultation platform (Istitlaa) is 15 March 2025.

The draft regulations have been issued in pursuance to the RETT Law that was officially published in the Official Gazette on 11 October 2024 and is set to take effect within 180 days from its publication, i.e., 9 April 2025. According to the law, the board of directors of ZATCA shall issue the regulations within 180 days of the date of issuance of the law, and these should be effective from the date of the law's entry into force.