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Investment Taxation for Expats in Saudi Arabia

Submitted: July 2014

Taxable income in this category includes:

  • interest from bank and building society deposits
  • interest from government and corporate stocks (bonds)
  • rental income from properties both in Saudi Arabia and abroad
  • dividends, and
  • capital gains.

 

Interest

There is no income tax on interest income for residents in Saudi Arabia. A withholding tax may be applied on interest paid to non-residents. For more details please see: Taxation – Tax Treaty Considerations for Expats in Saudi Arabia.

 

Rental income

There is no income tax on rental income for residents in Saudi Arabia. A withholding tax may be applied on rental income from a Saudi property paid to non-residents. For more details please see: Taxation – Tax Treaty Considerations for Expats in Saudi Arabia. While there are no property taxes as such in Saudi Arabia, if property is deemed to be held for speculative purposes, zakat of 2.5% of the asset value may be payable.

 

Dividends

There is no tax on dividend income in Saudi Arabia. A withholding tax may be applied to dividends paid to non-residents. For more details please see: Taxation – Tax Treaty Considerations for Expats in Saudi Arabia.

 

Capital gains

There is no capital gains tax for individuals in Saudi Arabia, other than for the sale of shares in a Saudi company or partnership, in which case a capital gains tax of 20% applies.

 

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