No tax or fee on remittances
No tax or fee on remittances
January 23, 2017 | 12:21 AM
Ministry of Finance
January 23, 2017 | 12:21 AM
Last Updated: January 23, 2017 | 12:21 AM
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Riyadh -- There are no plans to impose tax or fee on remittances, spokesman of the Finance Ministry has reiterated.
He was responding to rumors circulating on social media that the Saudi government is planning to impose tax on remittances from the Kingdom.
The spokesman categorically denied any such plans.
He said that the Kingdom is committed to the principle of freedom of money flow, including transfers to and from the Kingdom as per the international trends. -- SPA
