Saudi Arabia to roll out second phase of white land tax in 2020

07/06/2017 Argaam

Saudi Arabia will implement the second phase of undeveloped land tax by 2020, Al-Hayat daily reported on Wednesday, citing Mohammed Almudaiheem, a supervisor for the white land tax scheme at the housing ministry.

 

The ministry may also impose white land fees on commercial areas in the near future, Almudaiheem said, without giving further details.

 

Meanwhile, he added that the Kingdom’s housing ministry is not planning to be a market maker or control real estate prices.

 

Saudi Arabia started levying the white land tax on undeveloped plots at the end of March, Argaam reported.

 

The first phase applies the tax to undeveloped lands larger than 10,000 square meters.

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