Saudi Arabia launches new white land tax zones: Up to 10% fee for key areas in Riyadh
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Saudi Arabia has implemented a white land tax system in Riyadh, dividing the city into four zones with tax rates from 2.5% to 10% based on assessed land value. This initiative aims to stimulate development, discourage land speculation, and promote balanced urban growth in line with Crown Prince Mohammed bin Salman’s vision. What's Your Reaction?
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