Saudi Tax
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Tax-Free Countries: Where Your Income Remains Entirely Yours
Some countries across the Gulf, Europe, and Asia allow residents to keep 100% of their earnings as they impose no income tax. These nations sustain their economies through oil, gas, tourism, and indirect taxes like VAT.
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Saudis Stock Up, Brace For Tripled VAT In Kingdom's Austerity Push
Saudis braced Wednesday for a tripling in value-added tax, another unpopular austerity measure after the twin shocks of coronavirus and an oil price slump triggered the kingdom's worst economic decline in decades.
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Saudi Triples VAT, Halts Government Handouts In Austerity Drive: Report
Saudi Arabia's finance minister on Monday said the kingdom will triple its Value Added Tax (VAT) and halt monthly handout payments to citizens in new austerity measures amid a coronavirus-led economic slump.
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Jump In Islamic Tax Liabilities Worries Saudi Banks
A jump in retroactive Islamic tax liabilities faced by Saudi Arabian banks is creating concern about damage to their earnings and the government's motives in demanding the money.
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Saudi Crown Prince's High-Speed U-Turn On State Handouts
Saudi Crown Prince Mohammed bin Salman's high-speed U-turn on state handouts suggests he's betting on the backing of ordinary citizens rather than traditional pillars of support as he consolidates power.
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Saudi, UAE VAT To Adversely Affect Majority Of Indians: Former Diplomat
Introduction of Value Added Tax (VAT) by Saudi Arabia and the United Arab Emirates (UAE) would adversely affect a majority of Indians working there and reduce their remittances, says a former diplomat.
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Tax-Free No More: In A First, Saudi Arabia, UAE Introduce VAT
Saudi Arabia and the United Arab Emirates (UAE) introduced the Value Added Tax (VAT) for the first time from Monday.
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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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Tax-Free Days Ending For Saudis After Oil Slump With Royal Decree On VAT
Tax-free living will soon be a thing of the past for Saudis after their cabinet, on Monday, approved an International Monetary Fund-backed value-added tax to be imposed across the Gulf following an oil slump.
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Young Saudi Prince Considers Taxing Expats, Shunned Earlier By Rulers
Saudi Arabia is considering taxing millions of foreign residents as the kingdom seeks to reduce its reliance on oil revenue after the plunge in crude prices.
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GST Will Be Passed, PM Modi Tells Top Business Leaders In Riyadh
Promising easier business environment for global investors, Prime Minister Narendra Modi today said retrospective taxation has been relegated to history, but he is "not able to do anything" on two pending cases from the previous government as "they are sub-judice".
-
Tax-Free Countries: Where Your Income Remains Entirely Yours
Some countries across the Gulf, Europe, and Asia allow residents to keep 100% of their earnings as they impose no income tax. These nations sustain their economies through oil, gas, tourism, and indirect taxes like VAT.
-
Saudis Stock Up, Brace For Tripled VAT In Kingdom's Austerity Push
Saudis braced Wednesday for a tripling in value-added tax, another unpopular austerity measure after the twin shocks of coronavirus and an oil price slump triggered the kingdom's worst economic decline in decades.
-
Saudi Triples VAT, Halts Government Handouts In Austerity Drive: Report
Saudi Arabia's finance minister on Monday said the kingdom will triple its Value Added Tax (VAT) and halt monthly handout payments to citizens in new austerity measures amid a coronavirus-led economic slump.
-
Jump In Islamic Tax Liabilities Worries Saudi Banks
A jump in retroactive Islamic tax liabilities faced by Saudi Arabian banks is creating concern about damage to their earnings and the government's motives in demanding the money.
-
Saudi Crown Prince's High-Speed U-Turn On State Handouts
Saudi Crown Prince Mohammed bin Salman's high-speed U-turn on state handouts suggests he's betting on the backing of ordinary citizens rather than traditional pillars of support as he consolidates power.
-
Saudi, UAE VAT To Adversely Affect Majority Of Indians: Former Diplomat
Introduction of Value Added Tax (VAT) by Saudi Arabia and the United Arab Emirates (UAE) would adversely affect a majority of Indians working there and reduce their remittances, says a former diplomat.
-
Tax-Free No More: In A First, Saudi Arabia, UAE Introduce VAT
Saudi Arabia and the United Arab Emirates (UAE) introduced the Value Added Tax (VAT) for the first time from Monday.
-
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.
-
Tax-Free Days Ending For Saudis After Oil Slump With Royal Decree On VAT
Tax-free living will soon be a thing of the past for Saudis after their cabinet, on Monday, approved an International Monetary Fund-backed value-added tax to be imposed across the Gulf following an oil slump.
-
Young Saudi Prince Considers Taxing Expats, Shunned Earlier By Rulers
Saudi Arabia is considering taxing millions of foreign residents as the kingdom seeks to reduce its reliance on oil revenue after the plunge in crude prices.
-
GST Will Be Passed, PM Modi Tells Top Business Leaders In Riyadh
Promising easier business environment for global investors, Prime Minister Narendra Modi today said retrospective taxation has been relegated to history, but he is "not able to do anything" on two pending cases from the previous government as "they are sub-judice".
