Saudi Arabia to Release Findings of Expat Levy Review Within 30 Days – Minister

Saudi Arabia will release the results of its study about the levy on expatriate workers within 30 days.

The Minister of Commerce and Investment Majid Al-Qasabi gave the timetable in an interview with Rotana Khalijia TV broadcast late Monday but offered no specifics on the study’s findings.

The Minister said, it will soon be presented to the Council of Ministers and the Cabinet will look into the advantages and challenges that the issue poses, and will announce the decision within 30 days.

“The study benefits the country and our nation,” he said, adding, “The government had decided to keep the fees and that the decision is fixed so far, but at the same time it will be comprehensively studied and developments will be reviewed.”

Finance Minister Mohammed Al-Jadaan told a post-budget press conference last week that there’s no intention to change the expat fees.

Bloomberg reported earlier this month that the government was reviewing the levy, with a view to reconciling its fiscal needs with the private sector’s ability to hire and grow : 80% of the expat levy to be refunded to new small and medium enterprises

Source: Bloomberg