Thursday, 15 April, 2021 - 11:45
The new amendments to the executive regulations of the White Land Tax (WLT) program stipulate three implementation phases, Asharq Al-Awsat
Riyadh - Bandar al-Mosalam
Saudi Arabia’s Council of Ministers approved on Tuesday a set of amendments to the executive regulations of the White Land Tax (WLT) program, in a move that will boost the Kingdom’s development march and supply of real estate.
According to the Ministry of Municipal and Rural Affairs and Housing, the WLT program is being implemented in its first phase in Riyadh, Jeddah, Dammam and Makkah.
The total payment orders in the four cities reached about 5,500 for a total area exceeding 411 million square meters.