Saudi allegedly imposes 10% income tax on expats

60 professions reportedly banned from hiring expats

With oil prices continuing to dip, Saudi Arabia has further unveiled steps to rein in spending.

The latest news circulating social media networks is that Saudi has allegedly imposed 10 per cent income tax on all expats. Also, 60 professions has been reportedly banned from hiring expatriates.

Earlier, last month, the kingdom cut ministers’ salaries by 20 per cent and financial perks for public sector employees last month.

According to Reuters, the measures that were disclosed in a cabinet statement and royal decree broadcast on state-run Ekhbariya TV, constituted the first pay cuts for government employees.

About two-thirds of working Saudis are employed with the public sector. Their salaries and allowances accounted for 45 per cent of government spending in 2015, according to a BBC report.

 

Dubai Gazette