VOL. XLV

No 15

15-April-2002

SAUDI ARABIA

Saudi Arabia ConsidersImposing Income Tax On Foreigners

TheSaudi Arabian Minister of Finance Dr Ibrahimal-Assaf announced on 6 April that thegovernment is considering imposing income tax on foreign companies andexpatriates working in the country. The minister told the Saudi daily al-Watan thatthe proposal, which is now being discussed by the ShuraCouncil, builds on a decision taken 50 years ago and involves income tax fornon-residents but the reduction of...