No taxes on Saudis or foreigners

Updated 09 June 2016

No taxes on Saudis or foreigners

JEDDAH: Ibrahim Al-Assaf, minister of finance, has denied alleged reports that the Kingdom will impose taxes on either Saudis or foreign residents, pointing out that imposing taxation on residents was an old proposal, which will be discussed later.
Nothing so far has been approved in this regard, he said, adding that it is among initiatives proposed by the Ministry of Finance.
He was answering journalists’ questions at a press conference on Tuesday regarding the National Transformation Program 2020.
Al-Assaf emphasized the role of his ministry in the NTP 2020, saying that its implementation would lead the economy to a new stage of growth and stability.
Waleed Al-Samaani, justice minister, called the NTP the main mechanism to realize the vision of the Kingdom, based on attested methodology, following pinpointing the challenges ahead of the Kingdom, in the economic and development domains.
Al-Samaani said that the draft of the Code of Fiqh Rulings has been completed, and is under review.
Sulaiman Al-Hamdan, minister of transport, said he wants to lower the Kingdom’s “painful” road death toll under the NTP.
“The percentage of car accidents is very high and the percentage of deaths is very high,” he said. “This is catastrophic.”
He said Saudi ports in the Red Sea have excess capacity and that more than 30 percent of the global trade passes through the Red Sea. He reiterated the ministry’s efforts to raise the operational efficiency of the ports.


First plane with aid from Saudi Arabia arrives in Lebanon

Updated 21 min 56 sec ago

First plane with aid from Saudi Arabia arrives in Lebanon

RIYADH: The first plane with aid from Saudi Arabia arrived in Lebanon on Friday for victims of Beirut’s port explosion, the King Salman Humanitarian Aid and Relief Centre (KSrelief) said.

Two planes departed from King Khalid International Airport on Friday carrying more than 120 tons of medical supplies, tents, shelter kits and food for those affected by the blast. A specialized team from the center to follow up and supervise the distribution operations were also on board the planes.

The aid aims to help victims overcome the effects of the explosion, said Abdullah Al-Rabeeah, Advisor to the Royal Court and Supervisor General of KSrelief.

Al-Rabeeah stated that the directive of King Salman embodies the established humanitarian values of the Saudi leadership, stressing that this assistance highlights the pivotal role of Saudi Arabia in providing humanitarian assistance to all people in need around the world with complete impartiality.