JEDDAH, Saudi Arabia, June 7 (Reuters) - The Saudi Arabian government has made no decision to impose an income tax on foreign residents of the kingdom, finance minister Ibrahim Alassaf told a news conference on Tuesday.
On Monday, the government published a broad economic reform plan which included instructions for the finance ministry to prepare and implement an income tax on residents other than national citizens by 2020.
ID:nL8N18Y57W
On Tuesday, however, Alassaf described that part of the plan as merely a proposal.
"There will be no tax on citizens. As for residents, it is a proposal and nothing has been approved yet, and it will be examined. It is an old proposal."
(Reporting by Gulf team; Writing by Andrew Torchia) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
On Monday, the government published a broad economic reform plan which included instructions for the finance ministry to prepare and implement an income tax on residents other than national citizens by 2020.
On Tuesday, however, Alassaf described that part of the plan as merely a proposal.
"There will be no tax on citizens. As for residents, it is a proposal and nothing has been approved yet, and it will be examined. It is an old proposal."
(Reporting by Gulf team; Writing by Andrew Torchia) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
