‎Taiba says owned land area of 60,000 m² is subject to White Land Tax

‎Taiba says owned land area of 60,000 m² is subject to White Land Tax ‎Taiba says owned land area of 60,000 m² is subject to White Land Tax

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Taiba Investments Co. said that the company’s lands in Riyadh subject to White Land Tax.

For more news on listed companies

Low under the first tier (at a 10% rate) amounts to 60,000 square meters.

In a statement to Tadawul, the company noted that the announcement came in line with its commitment to fully comply with all relevant laws and regulations, adding that these areas will be addressed in accordance with applicable laws and regulations to determine the actual financial impact.

 

Taiba Investments Co. said that the company’s lands in Riyadh subject to White Land Tax.

For more news on listed companies

Low under the first tier (at a 10% rate) amounts to 60,000 square meters.

In a statement to Tadawul, the company noted that the announcement came in line with its commitment to fully comply with all relevant laws and regulations, adding that these areas will be addressed in accordance with applicable laws and regulations to determine the actual financial impact.

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