Tax Reduced From The Small Businesses In Saudi Arabia

shsh jamalJeddah: The Saudi Government is working for the welfare of the foreigners settled in Saudi Arabia. In its recent announcement, it has decided to eliminate 2400 Saudi Riyal special tax on all small businesses of the foreigners settled in Saudi Arabia. In Saudi Arabia, a total of 815000 small scale businesses are operating. According to estimates, out of the total 815000 small scale businesses, about 14 lac foreigners are working in these small scale businesses.

The elimination of the tax will also be applicable on foreign women who have married Saudi men according to the chairman of Makkah Chamber of commerce and Industry expert Shah Jamal has stated this step will benefit the small scale businesses comprising of 9 people and will promote these businesses further.

Shah Jamal also said that the step taken by the government is clearly indicative of the concern and good will possessed for the employees working in these small scale businesses. According to estimates, in Saudi Arab about 93% small scale and medium scale companies are currently operating and have employed 27% man power of Saudi Arabia.

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