On 4 August 2026, and pursuant to the provisions of Article 4 of Royal Decree No. M/84 dated 11 October 2024, the Council of Ministers approved an extension of the deadline for correcting the status of real estate transactions that had been conducted prior to the implementation of real estate transaction tax (RETT) in Saudi Arabia without being formally documented. The extension provides for an additional Hijri year, starting from 31 March 2026.
Read the official communication: https://www.uqn.gov.sa/decisions-and-regulations/4001594