Saudi Arabia

Financial Overview

Property Search

Global Statistics

House Prices

Regional Statistics

Read the full article - Register now!

You have arrived at your allowance of 5 premium articles. If you enjoy our research and want full access, we ask that you support our hardworking team by registering with our site - it's free!

Already registered? Log in

Income tax is low in Saudi Arabia

Rental Income: Rental income is taxed at a flat rate of 5%.

Capital Gains: No tax is levied on capital gains realized by individuals from selling property.

Inheritance: There are no inheritance taxes in Saudi Arabia. As in most countries in the Arab world, Shariah law applies to inheritance.

Residents: Individuals are only taxed on their business income in Saudi Arabia. Non-Saudi and non-GCC nationals are liable to income tax. Saudi and GCC national are liable to zakat, which is an Islamic direct tax on property and income.

» To continue reading this article, subscribe now!

Comments

Be the first to comment on this article!

Login or Register to submit a comment!

In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.

Compare Countries