Last year to exempt expats levy for small companies begins

Last year to exempt expats levy for small companies begins

The last & third year exempting small businesses from paying the monthly expats levy begins. By the authorized decision to exempt small businesses from paying the expats levy for three years from April 2020-March 2023.

The decision includes exempting fees from 800 riyals per month or 9600 riyals per year reduced to 100 riyals only. Which was implemented via e-portal of social development and ministry of human resources.

Employees at small businesses with 9 or less employees will be excluded from the levy, as per the decision. And according to statistics, there are approximately 576,310 businesses with or less than 9 employees.

The Ministry of Human Resources tries to enhance the system of financial flows with corporates and allow businesses to plan their payments.

 

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