Abdulrahman Al-Misbahi

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Cancel expat levy, JCCI tells ministry

The Jeddah Chamber of Commerce and Industry (JCCI) has asked the Ministry of Labor and Social Development (MLSD) to cancel expat levy for firms which have equal number of Saudis and expat workers.

Small firms exempt from expat levy

Firms employing not more than five people will be exempted from the monthly expat levy, which will become effective from Monday, according to the Ministry of Labor and Social Development.

Banks get set for collection of VAT

Banks in Saudi Arabia are making hectic preparations to adapt to the new tax regime approved by the Saudi Arabian Monetary Agency and taking effect beginning next month.