The Saudi Ministry of Housing announced that 37.14 thousand tax exemption certificates were issued from paying the VAT for the first residence until the end of last March.

The ministry said in a statement that the number of certificates issued to beneficiaries of the ministry was 23.23 thousand certificates, while 6674 certificates were issued to the beneficiaries of the Real Estate Development Fund, and 7238 certificates for beneficiaries from outside the lists The Ministry and the Real Estate Fund.

The Ministry of Housing launched last July 10 the electronic portal to register applications and issue a certificate of entitlement to an initiative to bear value-added tax for the first residence of the ministry’s beneficiaries and the real estate fund or others.

Royal orders were issued to bear the state VAT on the price of buying the first housing for the citizen, not to exceed 850 thousand riyals.

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