Some workers exempted from Saudi expat tax
All contractors working on public sector projects that started before December 2016, when the levy was first announced, will be exempt from paying the expat workers’ tax.
Saudi Arabia
-
-
Over 700,000 expats leave Saudi ahead of visa crackdown
An amnesty for expats working and living in Saudi Arabia illegally has seen more than 700,000 people take advantage of the scheme that will allow them to return legally in future, as the government prepares to track down those who opted to stay.
-
No more extensions to Saudi expat amnesty
Undocumented expats in Saudi Arabia hoping for another amnesty to allow them to leave the Kingdom without prosecution are set for disappointment after it was confirmed that there will be no further extensions.
-
Epic Saudi fraud trial coming to a close in Cayman court
One of the biggest trials in Cayman Islands history involving the Middle East’s longest-running business feud is coming to an end after a year in court.
-
Thousands of expats race against time as Saudi amnesty closes
A Saudi Arabian expat amnesty that allows undocumented workers and residents to leave the country without facing any penalties has prompted a rush as people try to take advantage of the offer before it expires on Monday.
-
Credit Suisse in Saudi Arabia private banking push
Credit Suisse has identified Saudi Arabia as a priority for its wealth management business and is on the hunt to recruit more private bankers.
-
Half a million expats leave Saudi as amnesty draws to a close
More than 570,000 expats have left Saudi Arabia by taking advantage of an amnesty offered by the government that aims to make the Kingdom ‘violator free’ by 25 July.
-
Saudi expat fee causes ‘panic’ amid computer glitches
Expats living in Saudi Arabia have voiced concerns over the newly-introduced ‘family tax’ amid reports the online system set up to collect the payment continues to suffer from computer glitches.
-
Expats leaving Saudi must pay new ‘family tax’ upfront
Expats living in Saudi Arabia will have to pay the newly-introduced ‘family tax’ upfront if they want to leave the Kingdom for any reason, the government has confirmed.
-
Saudi closes in on emerging market status as royals reshuffle
Saudi Arabia has taken a big step towards being classified as an emerging market after the MSCI added the Gulf state to its watchlist for potential upgrade on Tuesday, with the Saudi royal family making an unprecedented succession change a day later.
-
Saudi asset manager combines Shariah and ethical strategies
Sedco Capital, one of the largest asset managers in Saudi Arabia, has launched an investment strategy that integrates the firm’s Shariah-compliant investment approach with ethical investing.
-
Saudi expat tax to start in July
Saudi Arabia will levy a new tax on expatriates and their dependents from 1 July 2017 in a bid to boost the Gulf state’s local employment and revenues following persistently weak oil prices.