Al-Marsad newspaper: Today, Friday, Umm Al-Qura newspaper published the details of the amendments to the executive regulations of the real estate tax in Saudi Arabia.
The amendments stipulate that whoever commits violations that are considered as evasion of the real estate tax evasion and explained in Article 9 of the Regulations, shall be punished with a fine not less than the value of the tax due and not exceeding three times it.
Also, whoever does not pay the due tax within the period specified by law shall be penalized with a fine equivalent to 5% of the unpaid tax value for each month or part of it for which the tax has not been paid.
The regulation stipulates that whoever submits incorrect data on the value of real estate disposal that results in non-payment of the due tax is considered to be tax evasion.
And the penalties shall reach if the amounts due are not finally paid, and the seizure of his money is taken within the limits of the entitlements subject of the claim, by a request submitted to the competent judicial authority.
The ninth article states that:
It is considered as tax evasion to do any of the following – unless the violator proves otherwise -:
1- Providing incorrect data on the value of the real estate disposal that results in non-payment of the due tax, in whole or in part.
2- Resorting to any trick, arrangement or means of whatever type or nature that results in non-payment of the due tax, in whole or in part.
3- Any other action or action that results in non-payment of the due tax, in whole or in part.
4- Any person who assists or participates with the violating person in evading the payment of tax shall be punished with the same penalties referred to in this Article.
The employees who are designated by a decision of the Governor shall supervise, inspect, and control violations of the provisions of this regulation, and they shall have all the powers necessary to perform their duties in order to prove the acts that violate the provisions of this regulation, and the penalty shall be imposed by a decision of the Governor or whoever he authorizes to do so.
This regulation is effective as of the date of Safar 17, 1442 AH, corresponding to October 4, 2020 AD.
