The White Lands Program in Saudi Arabia announced that there are 90 days left to the end of the regular registration period for the second phase of tax enforcement in the city of Riyadh, noting that delaying the registration of lands located within the geographic scope of the city, is in its first which in the second phase, involves penalties of up to 7.5% of the value of the land.
The program explained in a press release that the land owner’s delay in registering it during the legal period in where taxes begin to be applied in a given city results in a failure to register violation of 2.5% of the land value, in addition to the base rent value after the invoice is issued, and in case of late payment for the indicated period. ; A new fine of 2.5% is added, which obliges the landowner to pay two infringements, in addition to the rent for a total of 7.5% of the value of the land surveyed.
He added that all owners of white land located within the geographic areas of cities in who are subject to white land taxes are required to register their lands through the idlelands-services.housing.gov.sa portal, including owners of white lands developed in Riyadh, before the end of the regular registration period for Phase The second after 90 days.
He pointed out that the royalty exemption requires land registration on the platform, and then the submission of justifications during the opposition period after the invoice is issued, explaining that the land rent invoice is issued in the name of the land owner on the database of the Ministry of Justice at the time of issue, and where applicable in where ownership of the land is transferred after the invoice is issued, the first owner is obliged to pay the rent.
The program highlighted its role in increasing the real estate supply of developed land in order to achieve a balance between supply and demand, provide developed residential land at reasonable prices, achieve fair competition and reduce monopoly, which helps to create a movement in the sector.
It is interesting to note that the amendment to the list of white land canons included three executive phases, the first included undeveloped land with an area of (10) thousand square meters or more located in the area determined by the ministry and the second phase includes land developed with an area of (10) thousand square meters or more, and land developed for owner Uno, the areas of which are (10) thousand square meters or more in a scheme within the scope determined by the ministry, while the the third phase includes the developed land with an area of 5,000 square meters or more, and the total land developed for an owner whose area is 10,000 square meters or more in a city within the scope determined by the Ministry.
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