Saudi Income Tax
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No Income Tax For Saudi Citizens, Says Minister As Reforms Raise Concerns
Saudi Arabia's finance minister said on Sunday that citizens would not pay taxes on income and Saudi companies would not see their profits taxed under sweeping economic reforms being introduced in the oil-rich kingdom.
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No Income Tax For Saudi Citizens, Companies, Says Saudi Finance Minister
Mohammed al-Jadaan sought in a statement carried by state news agency SPA to allay concern that people would be taxed as part of the ambitious reform plan. Saudis currently do not pay any income tax, nor are Saudi companies taxed on their profits.
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Salaried Indians pay more income tax than high earners in US, China: survey
Indians took roughly 55 per cent of their wages home, the survey said. In comparison, earners in Saudi Arabia took 97 per cent of their salary home, while those in Russia took 87 per cent of their wages home, the survey stated.
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No Income Tax For Saudi Citizens, Says Minister As Reforms Raise Concerns
Saudi Arabia's finance minister said on Sunday that citizens would not pay taxes on income and Saudi companies would not see their profits taxed under sweeping economic reforms being introduced in the oil-rich kingdom.
-
No Income Tax For Saudi Citizens, Companies, Says Saudi Finance Minister
Mohammed al-Jadaan sought in a statement carried by state news agency SPA to allay concern that people would be taxed as part of the ambitious reform plan. Saudis currently do not pay any income tax, nor are Saudi companies taxed on their profits.
-
Salaried Indians pay more income tax than high earners in US, China: survey
Indians took roughly 55 per cent of their wages home, the survey said. In comparison, earners in Saudi Arabia took 97 per cent of their salary home, while those in Russia took 87 per cent of their wages home, the survey stated.
