Saudi con­sid­ers in­come tax for ex­pats

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Saudi Ara­bia’s fi­nance min­is­ter Ibrahim Al As­saf says the king­dom is con­sid­er­ing bring­ing in in­come tax on for­eign res­i­dents. Ac­cord­ing to a re­port in the Fi­nan­cial Times, Saudi Ara­bia is aim­ing to raise non-oil rev­enues and cut spend­ing to fund a $72 mil­lion eco­nomic di­ver­sity plan. Al As­saf says no plans for ex­pat in­come tax have been con­firmed. He said: “As for res­i­dents’ tax, it is a pro­posal - noth­ing has been ap­proved yet and it will be ex­am­ined.”

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