From booking to books in Saudi Arabia
The Real Estate General Authority (REGA) regulates the sector nationally, and brokers and advertisers need a FAL licence. Off-plan sales follow the Wafi programme with escrow accounts, leases are registered on Ejar, and property disposals carry the 5% Real Estate Transaction Tax. VAT is 15%, and RealMake applies it to each unit type as your tax advisor sets. FATOORA phase 2 requires UBL XML, a cryptographic stamp, QR codes, real-time clearance of B2B invoices and reporting of simplified invoices within 24 hours. Wave 25, covering VAT-subject revenue above SAR 187,500 in any year from 2022 to 2025, must integrate by 1 February 2027.