Expats fees, VAT to remain unchanged, says Al-Jadaan

10/12/2019 Argaam

 

Saudi Arabia has no intention to change expatriates fees, Mohammed Al-Jadaan, Minister of Finance, said in an interview with Al-Arabiya.

 

In another statement to Al Ekhbariya TV, Al-Jadaan said that the value-added tax (VAT) will be kept unchanged at 5%, noting that there are no current plans to raise this ratio.

 

This came on the sideline of the press conference held on Monday Dec. 9 to announce the new Kingdom’s 2020 budget, where the Saudi minister also asserted that the citizen’s account program will remain effective in 2020.

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