23 C
Riyadh
Thursday, October 1, 2020

Shoura Council to debate on Expat Remittance Tax

- Advertisement -
- Advertisement -

The Shoura Council said that it would continue discussing the proposed draft regulation on levying expatriates’ remittances.

The draft proposal was presented by former Shoura member Dr. Husam Al-Anqari.

The announcement was made in the wake of the statement which was issued by the Ministry of Finance, refuting alleged plans to impose fees on remittance.

Shoura Council to debate on Expat Remittance Tax-SaudiExpatriate.com

“The ministry’s denial issued has nothing to do with the Shura Council”, said Financial committee member Dr. Muhammad Aal Abbas.

“The Shoura Council is an independent body and the discussion on expat remittances comes under its jurisdiction”, he added.

The proposal suggests levying 6% of the remittance value to be deducted as fees in the first year of an expat worker’s income in Saudi.

The percentage decreases annually till it reaches 2% in the fifth year and onwards of an expat worker’s stay in Saudi Arabia.

“The aim of the proposal is to encourage expat workers to spend in Saudi Arabia so as to help develop the level of services provided to them by the government”, he said.

Comments

0 comments

- Advertisement -

Latest news

One Million Fine or Jail for Violating Coronavirus measures

Ministry of Interior (MOI) in Saudi Arabia has imposed new fines for the residents (Expats & well as Saudi Nationals) for violating Coronavirus measures...
- Advertisement -

Salary Cut Only if Working Hours are Reduced

Ministry of Human Resources and Social Development in Kingdom of Saudi Arabia has directed all the private sector companies to reduce wages or Salaries...

40% Pay Cut for Private Sector per MOL

Ministry of Labor & Social Development in Saudi Arabia have agreed to make some changes in the Labor Laws during this pandemic situation where...

SDAIA Launched ‎Tawakkalna App for Curfew Permits

The Saudi Data and Artificial Intelligence Authority (SDAIA) has launched trial of the “Tawakkalna” application in Google Playstore & iOS Playstore. Tawakkalna app will be...

Related news

One Million Fine or Jail for Violating Coronavirus measures

Ministry of Interior (MOI) in Saudi Arabia has imposed new fines for the residents (Expats & well as Saudi Nationals) for violating Coronavirus measures...

Salary Cut Only if Working Hours are Reduced

Ministry of Human Resources and Social Development in Kingdom of Saudi Arabia has directed all the private sector companies to reduce wages or Salaries...

40% Pay Cut for Private Sector per MOL

Ministry of Labor & Social Development in Saudi Arabia have agreed to make some changes in the Labor Laws during this pandemic situation where...

SDAIA Launched ‎Tawakkalna App for Curfew Permits

The Saudi Data and Artificial Intelligence Authority (SDAIA) has launched trial of the “Tawakkalna” application in Google Playstore & iOS Playstore. Tawakkalna app will be...
- Advertisement -

Comments

0 comments