Saudi Finance Minister has announced in a statement on Sunday,the country will not be charged any fees on overseas remittances.
The Advisory Council, told Al expatriate remittances discuss proposals are about 6 percent of the fees. Arab News reported.
Ministry of Finance official said, the Saudi government believe in the free flow of currency in accordance with international standards.Saudi one-third of the nearly three million foreign residents. Most of the countries that own several times more than the amount of money could have been making money in Saudi.But they are not interested in tax.Reform plan last year, and oil prices down due to the economic pressures already in Saudi. Imposition of income tax on income of foreign workers in the proposal.General Auditing Bureau former head of Hussam submitted proposals on migrant remittances.Financial committee approved the proposal.This proposal would encourage you to spend money earned by expatriates living in Saudi.Fees collected under the proposal the Saudi Arabian Monetary Authority (SAMA) Fund will be credited.According to the Shura,2004-2013 migrant remittances, which rose to 57 billion Saudi Riyal 135 billion Saudi Riyal.
