The Kingdom of Saudi Arabia makes eight reform decisions that concern all expatriate workers in the Kingdom, as well as Saudi citizens. These decisions are a good step for the advancement of the individual level, in terms of both the worker and the Saudi citizen.
These decisions, which Saudi newspaper Okaz said on Monday, that the Saudi government intends to implement 8 new measures, for the sake of economic reform, as it enters into force from January 1, 2020.
Learn about 8 reform decisions of expatriates in Saudi Arabia 2020
In turn, the newspaper made it clear that these measures were as follows:
First Decision - imposing a 5% value-added tax on all goods and services that are bought and sold by enterprises and borne by the consumer.
Second decision - updated tariff for electricity bills.
The third decision - procedures for expatriates, as the General Directorate of Passports begins today to raise the fees of accompanying persons to 200 riyals, after last year it was 100 riyals for each companion.
Reform decisions for the situation of expatriates in Saudi Arabia
Fourth Decision - Opening the parallel market for foreign investors.
Fifth Decision - Localization of reporting on money laundering, as the financial market obligated companies licensed to start localizing the conformity, compliance and reporting functions of money laundering, in addition to terrorist financing.
Sixth Decision - abolishing the minimum housing allowance.
Seventh Decision - a decision related to the transport sector, where the Saudi authorities obligated individuals and institutions operating in this sector to install safety barriers for trucks from all aspects, provided that a fine of 4 to 5 thousand riyals is applied in cases of violation.
Eighth Decision - Merging the Water Company Bills Delayed in the Current January.