Asas Makeen Real Estate Development and Investment Company announces receipt of the final VAT assessment notification
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| Announcement Details | Asas Makeen Real Estate Development and Investment Company announces that it received a notification on December 7, 2025, from the Zakat, Tax and Customs Authority, regarding the issuance of the final assessment for Value Added Tax (VAT) for the period from October 1, 2022, to December 31, 2022.
The notification stated the following: • Net tax due before assessment: SAR 3,700,063.84 • Net tax due after assessment: SAR 3,701,945.05 • Tax difference: SAR 1,881.21 • Penalties imposed: None The company has not previously made a provision for this amount, and the tax difference of SAR 1,881.21 will be paid in accordance with regulatory requirements. The company wishes to clarify that the tax difference is not material and is not expected to have a material financial impact on the company's financial results. The company also affirms its full commitment to all relevant regulations, instructions and rules, and will disclose any relevant material developments as they occur. |