The Saudi Ministry of Finance said on Sunday that it will introduce a monthly expat levy as of 2018.
The monthly tax will range between 300 and 400 Saudi riyal, the ministry said on Twitter, adding that the levy will be paid by private sector companies and it aims to replace foreign laborers with locals.
The ministry said last year that the levy will increase to 600 SAR in 2019 and to 800 SAR in 2020 in private companies which hire more foreigners than locals. However, in companies where the number of foreign employees is less than that of locals, the levy will be 300 SAR in 2018 and it will gradually increase until it reaches 700 SAR in 2020.
This article is also available in Arabic.
All you need to know about taxes in Saudi ArabiaSaudi Arabia’s move to impose various type of taxes on commodities, goods and services as well as residency and visit visa fees and charges on ... Economy
Saudi Arabia introduces new tax for expatriatesThe Saudi General Directorate of Passports and Expatriates Affairs said levy fees on expatriates’ dependents include all nationalities with no ... Economy
Brisk sales in tobacco products reported in Saudi ahead of today’s taxFollowing Saudi Arabia’s announcement to increase the prices of tobacco and its derivatives by 100 percent, grocery stores and retail shops ... Economy
Saudi Arabia introduces new tax on tobacco, raise prices by 100 percentSaudi Arabia has announced the increase of the prices of tobacco and its derivatives by 100 percent in accordance with the decision of the Gulf ... Economy