VOL. XLV

No 19

13-May-2002

SAUDI ARABIA

Saudi Income Tax OnForeigners Moves Closer To Implementation

Saudi Arabia痴 proposed income tax on foreigners (MEES, 15 April) moved a little closer toimplementation when it was approved by the country痴 ShuraCouncil on 5 May. The draft legislation, which would impose a 10% tax onmonthly earnings that exceed SR3,000 ($800), waspassed in principle a few weeks ago and this latest approval completes a debateof its 75 articles. The council痴 latest comments will...