Please feel free to add to the community any information regarding houses abroad, whether it is tax legal, financial, commercial or social.
Saudi Arabia
1. The tax rate percentage for transferring real estate in Saudi Arabia is typically 5% of the property value.
2. There is no specific percentage tax rate for renting out a house in Saudi Arabia. Rental income is subject to income tax at a rate of 20%, but there are certain deductions and exemptions available.
3. The top 5 most popular regions to live in Saudi Arabia are:
- Riyadh
- Jeddah
- Dammam
- Al Khobar
- Mecca
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