The Value-Added Tax (VAT) is one of the most important indirect taxes implemented in the Kingdom of Saudi Arabia, as it is imposed on most goods and services. However, real estate developers have the opportunity to reclaim the VAT paid on eligible real estate supplies, provided they comply with a set of precise requirements, including:
• Obtaining qualification as a real estate developer.
• Complete documentation.
• Adherence to the specified timeframe.
• General tax compliance, etc... .
Handling VAT refund requests is not just about submitting an electronic request; it requires a detailed understanding of the changing laws and application methods. Therefore, requests must be submitted correctly to avoid delays or complete rejection of the application.