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New Zealand meat, wine exports to face uncertainty on U.S border tax

New Zealand meat, wine exports to face uncertainty on U.S border tax

Saudi Arabia introduces new tax for expatriates

byCT Report
04/07/2017
in Latest News
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RIYADH: The Saudi General Directorate of Passports and Expatriates Affairs said levy fees on expatriates’ dependents include all nationalities with no exceptions. The directorate added that residency permits and residency identities will not be renewed unless all levy fees on dependents are paid. New fees on dependents of residents and visitors went into effect on July 1. The move aims to balance between revenues and expenses in the budget by 2020. For the year 2017, the levy fee for each dependent of foreign workers will be 100 SAR a month. This will save 1 Saudi billion riyals by the end of the year.

In 2018, the levy fee for each dependent of foreign workers will be 200 SAR a month. A monthly tax worth 400 SAR will be imposed on each expatriate employee if the number of the latter in a company is more than Saudi employees. However if their number is less than Saudi employees, the imposed monthly fee will be 300 SAR. The estimated revenue is 24 Saudi billion riyals in 2018. In 2019, the levy fee for each dependent of foreign workers will be 300 SAR a month. A monthly tax worth 600 SAR will be imposed on each expatriate employee if the number of the latter in a company is more than Saudi employees. However if their number is less than Saudi employees, the imposed monthly fee will be 500 SAR. The estimated revenue is 44 Saudi billion riyals in 2019. In 2020, a monthly tax worth 800 SAR will be imposed on each expatriate employee if the number of the latter in a company is more than Saudi employees. However if their number is less than Saudi employees, the imposed monthly fee will be 700 SAR. The estimated revenue is 65 Saudi billion riyals in 2020.

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