Saudi Arabia: Living There - Tax Issues

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Last Updated: Nov 27, 2008

Living There

INDIVIDUAL TAXATION

Individuals are only taxed on their business income in Saudi Arabia.

INCOME TAX

Saudi individuals earning income from business activities in the natural gas and oil sectors are subject to income tax. Non-Saudi individuals are taxed on any income from a business activity in Saudi Arabia. The following tax rates are applicable:

85% (whether Saudis or aliens) for individuals carrying on activities in the oil sector
30% (whether Saudis or aliens) for individuals carrying on activities in the natural gas sector
20% in all other cases (for alien companies, for resident aliens, and non-resident individuals carrying an activity through a permanent establishment in the country)

CAPITAL GAINS
No tax is levied on capital gains realized by individuals from selling property.

PROPERTY TAX

There is no real estate tax in Saudi Arabia, but zakat may be payable on real estate if held for speculative purposes.

Saudi Arabia - more data and information

Lawyers (attorneys) with property law practices in Saudi Arabia

Your Comments

posted by parvez ahmed | 2007-03-06

IT consultant, India

Hello I have a dream of buying a property at the holy city of mecca,,, and i am planning to buy one independent house or flat at mecca. Can any one please suggest me how i can go about it, Any guidance provided is very much appreciated and may allah bless you and your near and dear ones with health and wealth... Ameen. Allah-Hafeez, Parvez.

posted by M. Abdulla | 2008-01-28

Realtor, Bahrain, Kingdom of

I'm a Bahraini and have the same dream of yours.It's not easy to purchase a land in KSA especially in the holly lands!