Reviewing concerning the tax on the transfer of real estate ownership in the Republic of Yemen

Abstract

The research aims to read the tax on the transfer of real estate ownership in the Republic of Yemen, as the Yemeni legislator in Income Tax Law No. (17) of 2010 and its amendments, has set texts regulating the imposition of this tax, its validity, calculation, responsibility for paying it and exemption from it, as well as what relates to the procedures for registering real estate in the Real Estate Registry Law, as the study attempts to extract treatments for any problem related to the tax on the transfer of real estate ownership, or what relates to the problem of its registration. The study relied on the descriptive analytical approach, and the study reached a number of results, perhaps the most important of which is the failure to increase the tax revenue for the real estate disposal and sales tax in a satisfactory manner despite the prosperity of the construction and building sector, the lack of a comprehensive inventory of real estate on an ongoing basis, the weakness in coordination between the Tax Authority and some parties related to the real estate sector, and that real estate is one of the important factors in economic and social development in countries, in addition to the importance of the real estate registration system in order to achieve stability in real estate transactions. Based on these results, the study reached some recommendations, including the formation of a committee from all relevant parties that are linked to the subject of transferring real estate ownership and registering it to develop urgent and decisive solutions to all problems. Related to real estate transactions, and conducting further studies on the reasons for the weak payment of real estate transfer tax and its non-registration in the country's real estate registry, and full compliance with the provisions of the law regarding the registration process, and the necessity of submitting a copy of the tax payment document on the transfer of real estate ownership before registering it, and updating the infrastructure of the Tax Authority, especially real estate, and eliminating the random estimation of the number of real estate properties in Yemen.