Saudi Arabia opens Zakat auctions to expats in landmark policy change

Move aims to boost transparency of procedures across all customs points — land, sea, air

Last updated: June 30, 2024 | 13:21

1 MIN READ

Immigration counters at the arrival hall at King Abdul Aziz International Airport, Jeddah. The landmark Zakat decision aims to enhance the organisation and transparency of auction procedures across all customs points — land, sea, and air. 

Reuters file

Dubai: The Zakat, Tax, and Customs Authority (Zatca) of Saudi Arabia has announced a significant policy change, allowing both citizens and expatriates to participate in public auctions.

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The updated rules are designed to streamline the auction process, making it more efficient and accessible for all stakeholders.

Key improvements include enhanced procedures for announcing public auctions through official channels and providing comprehensive auction details on the Zatca website.