{"id":217,"date":"2016-12-25T00:01:32","date_gmt":"2016-12-25T00:01:32","guid":{"rendered":"https:\/\/saudiexpatriate.com\/?p=217"},"modified":"2016-12-25T00:01:32","modified_gmt":"2016-12-25T00:01:32","slug":"saudi-arabia-budget-2017-fiscal-year-2017-budget","status":"publish","type":"post","link":"https:\/\/saudiexpatriate.com\/saudi-arabia-budget-2017-fiscal-year-2017-budget\/","title":{"rendered":"Saudi Arabia Budget 2017 | Saudi Budget Highlights 2017"},"content":{"rendered":"

The Cabinet of Saudi Arabia approved the states general budget for 2017. Saudi Budget 2017<\/strong> brought many changes from 2016.<\/p>\n

Saudi Budget 2017 – Key Facts<\/strong><\/span><\/p>\n

\"Saudi<\/p>\n

Expatriate Fees:<\/strong><\/span><\/p>\n

No Income Tax for Expats & Citizens, Minimal Fees will be imposed on expatriates or foreigners gradually up to 2020.<\/p>\n

Two kind of Fees:<\/strong><\/p>\n

1) No. Of Family members an Expatriate have in Saudi Arabia (KSA)<\/em><\/p>\n

Expatriate to pay SR 100 \/- as tax on each dependent or sponsored person. So, if you have 4 dependants you will have to pay SR (Saudi Riyals) 400 \/-<\/p>\n

2) Imposed on Companies that employs expatriates<\/em><\/p>\n

If a company have more Expatriates compared than Saudi’s then the company has to pay SR 400 \/- on each Employee.<\/p>\n

SR 300 monthly on each employee of the company, if Expatriates are less then Saudi’s and SR 200 tax on every person it sponsors.<\/p>\n

Going forward these taxes will be revised (increased till the year 2020) to raise an estimate revenue of 65 Billion Saudi Riyals till the year 2020<\/p>\n

Energy Subsidies:<\/strong><\/span><\/p>\n

Saudi government plans to phase out its costly subsidies on energy, though low income citizens will receive ‘direct cash support’ to help them manage<\/p>\n

Privatization:<\/strong><\/span><\/p>\n

The National Center for Privatisation will determine in 2017 the possibility of privatisation in various sector including public utilities, sports, health, education, transport and municipal services<\/p>\n

Debt:<\/strong><\/span><\/p>\n

In 2017, Saudi Arabia plans to diversify its debt sales over the next 4 years, both domestic and international to include sukuk. It will also seek to sell instruments denominated in different currencies<\/p>\n

Public – Private:<\/strong><\/span><\/p>\n

17 Government Agencies have identified 85 projects which could be suitable for co-operation between public & private sectors<\/p>\n

Balanced Budget for 2017:<\/strong><\/span><\/p>\n

Saudi Arabia re-iterated its goals to eliminate its budget deficit of 2020<\/p>\n

Sales Tax:<\/strong><\/span><\/p>\n

Saudi Arabia Government confirmed the introduction of 5% VAT (Value added Tax) from 2018.<\/p>\n

More details of the Saudi Arabia Budget for 2017<\/span> can be viewed below:<\/span><\/p>\n

\"Saudi<\/p>\n

Saudi Budget 2017<\/strong><\/a><\/h1>\n","protected":false},"excerpt":{"rendered":"

The Cabinet of Saudi Arabia approved the states general budget for 2017. Saudi Budget 2017 brought many changes from 2016. Saudi Budget 2017 – Key Facts Expatriate Fees: No Income […] More<\/a><\/p>\n","protected":false},"author":1,"featured_media":218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[2],"tags":[84,82,83,81],"adace-sponsor":[],"class_list":{"0":"post-217","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-saudi-arabia-news","8":"tag-budget-2017","9":"tag-saudi-arabia-budget","10":"tag-saudi-budget-2017","11":"tag-saudi-vision-2030"},"uagb_featured_image_src":{"full":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",423,306,false],"thumbnail":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_-150x150.jpg",150,150,true],"medium":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_-300x217.jpg",300,217,true],"medium_large":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",423,306,false],"large":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",423,306,false],"bimber-grid-xs":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",133,96,false],"bimber-grid-xs-2x":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",265,192,false],"bimber-grid-standard-2x":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",423,306,false],"bimber-list-s":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",257,186,false],"bimber-list-s-2x":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",423,306,false],"bimber-grid-2of3":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",423,306,false],"menu-24x24":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",24,17,false],"menu-36x36":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",36,26,false],"menu-48x48":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",48,35,false],"web-stories-poster-portrait":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",423,306,false],"web-stories-publisher-logo":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",96,69,false],"web-stories-thumbnail":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",150,109,false],"bimber-grid-standard":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2016\/12\/Saudi-Arabia-Budget-2017-Fiscal-Year-2017-Budget-SaudiExpatriate.com_.jpg",283,205,false]},"uagb_author_info":{"display_name":"shafprince","author_link":"https:\/\/saudiexpatriate.com\/author\/shafprince\/"},"uagb_comment_info":0,"uagb_excerpt":"The Cabinet of Saudi Arabia approved the states general budget for 2017. Saudi Budget 2017 brought many changes from 2016. Saudi Budget 2017 – Key Facts Expatriate Fees: No Income […] More","wps_subtitle":"","_links":{"self":[{"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/posts\/217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/comments?post=217"}],"version-history":[{"count":0,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/posts\/217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/media\/218"}],"wp:attachment":[{"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/media?parent=217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/categories?post=217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/tags?post=217"},{"taxonomy":"adace-sponsor","embeddable":true,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/adace-sponsor?post=217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}