No income tax on Saudi citizens, expats until 2020, says Al-Jadaan

24/12/2016 Argaam

Saudi Arabia is not planning to impose income taxes on citizens or expatriates, or even on corporate profit until 2020, the kingdom’s finance minister, Mohammed Al-Jadaan, said during a press conference in Riyadh.

 

Meanwhile, the kingdom will maintain its support for the private sector in line with the Saudi Vision 2030.

Al-Jadaan added that there are no surprises are on the way for corporates and citizens until 2020.

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