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RIYADH, April 14: Oil-rich Saudi Arabia is planning to levy income tax of about 2.5 per cent of the salaries of millions of foreign workers in the kingdom, a newspaper reported on Sunday.
“The proposed income tax will not exceed the value of Zakat, Islam’s form of taxation, which is 2.5 per cent of the earnings, and may be even lower,” Al-Yawm quoted a source in the Shura consultative council as saying.
The source said it would be approved within the next few months. The Shura has already passed the draft legislation in principle.—AFP
