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Taxation in Saudi Arabia
SAUDI ARABIA’S EXPAT TAX: IMPACT ON WORKERS, BUSINESSES
The expatriate levy in Saudi Arabia will be a financial burden on both foreign workers and businesses, analysts have said. ... -
Taxation in Saudi Arabia
GCC UNIFORM DEAL ON VAT, SELECTIVE TAX A STEP CLOSER
The Council of Ministers on Monday authorized minister of finance or his deputy to discuss two draft uniform agreements on value added tax (VAT) and selective tax for Gulf Cooperation Council (GCC) states. ... -
Taxation in Saudi Arabia
SAUDI ARABIA SAYS TO INTRODUCE VAT IN TWO YEARS
Saudi Arabian finance minister Ibrahim Alassaf said the kingdom expects to introduce value-added tax in two years, aiming for a tax rate of around 5 percent, the Saudi-owned Al-Hayat newspaper reported on Wednesday. ... -
Taxation in Saudi Arabia
SAUDI ARABIA GIVES FINAL APPROVAL TO VAT
The Saudi Cabinet approved on Monday a GCC-wide measure for implementing a value added tax (VAT) of 5% on certain goods, according to reports. The Unified Agreement for Value Added Tax, which will be implemented throughout the Gulf Cooperation Council (GCC) starting next year, is in line with Saudi Arabia’s goals of diversifying government revenues […]
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Taxation in Saudi Arabia
SAUDI FINANCE MINISTER MOHAMMED AL-JADAAN: NO INCOME TAX FOR SAUDI CITIZENS, NO COMPANY PROFIT TAXES
Saudi citizens would not pay taxes on income and Saudi companies would not see their profits taxed with economic reforms being introduced in the Kingdom, Saudi Arabia’s finance minister Dr. Mohammed Al-Jadaan said on Sunday, Reuters reports. Reuters reports that Al-Jadaan sought in a statement carried by state news agency SPA to “allay concern” that […]