Saudi Finance Ministry says no to fees on foreign workers' remittances

Finance Minister Mohammed Mohammed Al-Jadaan. (SPA)
Updated 22 January 2017
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Saudi Finance Ministry says no to fees on foreign workers' remittances

RIYADH: The Saudi finance ministry said on Sunday there would be no fees applied on remittances out of the country, days after the kingdom's advisory Shoura Council said it was looking at a proposal to impose a 6 percent levy on expatriate remittances. 
Saudi Arabia is "committed to the principle of free movement of capital in and out of the kingdom, in line with international standards," the ministry said on its official Twitter account.
Around a third of Saudi Arabia's 30 million inhabitants are foreigners, many of them attracted by the absence of tax and higher pay than they can get at home.
But the country has been facing a budget squeeze from low oil prices and announced reform plans last year, which included a proposal to impose income tax on foreign workers.
Proposals endorsed by the Shoura Council are not always adopted and the kingdom's central bank governor and finance minister said in the autumn that there were no plans to tax remittances or income.
The country has already introduced a range of new fees to help close a budget gap created by low oil prices.
For example, the government has raised the cost of visas and introduced gradually rising monthly fees on expatriate workers and their dependents.  


Saudi communications minister receives youngest Saudi female journalist

Updated 19 July 2018
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Saudi communications minister receives youngest Saudi female journalist

RIYADH: Saudi Minister of Communications and Information Technology, Abdullah Al-Sawah stressed the Kingdom's need to discover and support local talent.
He said that the ministry has paid increasing attention to technical talents, which has been represented through the organization of several events, the latest of which was the "Hackathon Digital Machines."
The event was aimed at creating a conducive environment to develop the capabilities of the digital youth and invest in their creative potential to maximize returns.
Al-Sawah noted that the event also aimed at "harnessing their abilities to develop the digital transformation process," calling for intensified and unified efforts in order to invest in Saudi talents for the benefit of the nation.
The minister was speaking during a meeting with Marian Taher Saleh, the youngest Saudi female journalist, alongside with her father.
Al-Sawah praised the role of her family, who have been supporting her from the beginning till she was able to enter the media field, expressing his appreciation for her media achievements.
For his part, Saleh's father expressed his gratitude and appreciation to the minister for his hospitality, appreciation and encouragement for his daughter.