Saudi Shoura Council rejects proposal to tax expat remittances

      Published on Monday, 30 January , 2017      235 Views     
Saudi Shoura Council rejects proposal to tax expat remittances

  • Gulf News

Saudi Arabia’s Shoura Council has rejected a proposal to impose fees on remittances of foreign workers following comments from the country’s finance ministry.



Saudi Gazette reports that the council refused to discuss the proposal brought forth by its finance committee with a vote of around 73 per cent opposed.

The former chief of the General Auditing Bureau Hussam Al-Anqari submitted the proposal, which included a 6 per cent remittance tax.

Shoura member major general Abdullah Al-Sadoun was quoted as saying the fees would promote expats doing business in the name of Saudis and increase illegal money laundering.

Another member, Sami Zaidan, said the fees would send the wrong message to expats, while Abdullah Al-Maneef asked what investment opportunities were available to foreign workers in the kingdom if they didn’t send money home, according to the publication.

The proposal was withdrawn following the majority opposition vote.

On Sunday, the country’s finance ministry tweeted it was “committed to the principle of free movement of capital in and out of the kingdom, in line with international standards.”

This followed news stories highlighting the upcoming Shoura debate last week.



Around a third of the kingdom’s 30 million population are foreigners.

Keywords:
Category Gulf News, Saudi Arabia | 2017/01/30 latest update at 12:00 AM
Source : | Photocredit :
236 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Qatar Today would like to give all of its readers from Gulf and Qatar and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Qatar Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Qatar, the Gulf and the world.


Only international actions can settle the world’s ‘enormous and diverse cross-border challenges’, Qatar tells UN Assembly Emir

Only international actions can settle the world’s ‘enormous and diverse cross-border challenges’, Qatar tells UN Assembly

Pointing to “the strategic importance of the Gulf region”, Sheikh Tamim Bin Hamad al-Thani Amir maintained that its stability warrants…

Amir congratulates President of Colombia Emir

Amir congratulates President of Colombia

Amir H H Sheikh Tamim bin Hamad Al Thani, Deputy Amir H H Sheikh Abdullah bin Hamad Al…

Iran’s Rouhani Says Boosting Ties With Qatar A Priority Emir

Iran’s Rouhani Says Boosting Ties With Qatar A Priority

Iranian President Hassan Rouhani described enhancement of relations with neighbors, Qatar in particular, as an indispensable part of…

Amir performs Eid Al Fitr prayer; receives well-wishers Emir

Amir performs Eid Al Fitr prayer; receives well-wishers

HH the Amir Sheikh Tamim bin Hamad Al-Thani performed Tuesday morning Eid Al Fitr prayer with citizens at…

GULF TV

Popular in GULF TV

About DFI

34350 Views

Doha Film Institute is dedicated to film appreciation, education, and building a dynamic film industry in Qatar that…

Latest videos in GULF TV

Events

Qatar Events

Lifestyle

Life

Culture

Culture News

Sport

Sport

Science & Technology

Science & Technology

Government

Government News