February 12, 2025
‎Al-Jadaan says no plans to impose income tax on individuals

Saudi Arabia does not intend to impose an income tax on individuals, said Finance Minister Mohammed Al-Jadaan.

“Our position is very clear. We have VAT, income tax on companies and foreign investors, as well as Zakat for the locals, and no intention for changing this,” Al-Jadaan told Bloomberg on the sidelines of the World Economic Forum held in Davos…
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