Registration of Lands Subject to the White Land Fees Law Within the Specified Period
| No: 381000089830 | Date(g): 22/5/2017 | Date(h): 26/8/1438 | Status: In-Force |
Translated Document
Effective from 2017-05-22 - May 21 2017
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Based on the powers vested to SAMA under Saudi Arabian Monetary Authority Law issued by Royal Decree No. (23) dated 23/5/1377 H, the Banking Control Law issued by Royal Decree No. (M/5) dated 22/2/1386 H, and the Finance Companies Control Law issued by Royal Decree No. (M/51) dated 13/8/1433 AH, and referring to the Law of White Land Tax issued by Royal Decree No. (M/4) dated 12/2/1437 H, and its Implementing Regulations issued by the esteemed Minister Council Decision No. (379) dated 8/9/1437 H.
SAMA emphasizes that banks and financing companies must register land subject to the fees within the specified period to avoid financial penalties for the actual owners.