Saudi Arabia: Reforms taxed Saudi leaders before
Issue 1017
- 17 Jun 2016
| 1 minute read
Previous attempts at taxing the Saudi population have been derailed by local opposition. In 1950, the authorities introduced personal income, capital gains and corporate taxes on nationals and foreigners, but within six months the law was reformed to exclude Saudis. In 1975, income taxes on foreigners were suspended due to high oil revenues and the need to recruit expats to build infrastructure and develop the economy.
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