Please enter your username and password here:Forgot Password?
Please enter your details here:or Login
By Fiona Moore, for Expatbriefing.com
22 June, 2017
Saudi Arabia is to impose further taxes on expatriate employees from July 1.
Under the current regime, private sector firms that employ more foreign than local workers pay a SAR200 (USD53) per month levy on each non-Saudi employee.
Under the tax, which will come into force in July, an additional monthly tax of SAR100 (collected annually upon submission of visa requests or residence visa renewal requests) will be imposed on expatriate employees and their dependents, increasing to SAR200 next year, and reaching SAR400 by 2020.
Additionally, the current waiver of the existing levy on expat employees where firms have hired more Saudi employees than non-locals will be replaced instead with a discounted rate.
There are concerns that the tax, imposed as part of the Fiscal Balance Programme 2020, will increase the costs of doing business in the Kingdom, or that the costs will be passed on to the employees themselves.
About | Useful Links | Global Media Partners | Media | Advertising And Sales | Banners And Widgets | Glossary | RSS | Privacy & Cookies | Terms And Conditions | Editorial Policy | Refer To A Friend | Newsletters | Contact | Site Map
Important Notice: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. © Wolters Kluwer TAA Ltd 2017. All rights reserved.
The Expat Briefing brand is owned and operated by Wolters Kluwer TAA Limited.