17 Hrs
Source:
الاقتصادية
Saudi Property Tax Refunds and Claims
The article addresses the issue of VAT refund on real estate supplies for individuals in Saudi Arabia during the period from January 1, 2018, to October 4, 2020. It clarifies that the right to claim the refund is limited to the seller who has previously remitted the tax to Zakat, Tax and Customs Authority, in accordance with specific conditions. The buyer is only entitled to a direct claim through legal action if it is proven that they are entitled to the amount. The article also emphasizes that the seller's failure to request the refund may expose him to liability for compensation if negligence is established and the buyer suffers damage. Additionally, it explains that the process of tax refund involves separate procedural steps from the buyer’s financial rights under the contract. The General Secretariat has announced the commencement of accepting refund claim applications for these real estate supplies, highlighting the necessity of retaining the relevant documents and evidence to support legal claims. Ultimately, the final decision regarding the entitlement to the amount and responsibility lies with the judiciary.
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