Income Tax in Saudi Arabia

The topic this week is the core principles of finance. Choose one of the principles that resonates with your perspective on financial decisions in Saudi Arabia. Search the internet for an academic or industry-related article regarding these core principles. Select an article that relates to your chosen principle and doing business in Saudi Arabia.

For your discussion post, your first step is to summarize the article in two paragraphs, describing what you think are the most important points made by the authors (remember to cite the information, as appropriate). For the second step, include the reference listing with a hyperlink to the article. Please note, do not copy the article into your post and limit your summary to two paragraphs. Let me know if you have any questions. Enjoy your search.

1.5pgs

refs and cite

outline

Answer preview………..

The Kingdom of Saudi Arabia in its promise to create transparency in governance announced the exemption of income tax to the citizens while imposing the tax on expatriates. The tax levied on the expatriate were sequential and are progressive over the years until 2020, and the government has not yet indicated what would follow after this projected period. The tax system is seen as unhealthy for non-citizen who are entrepreneurs and wish to invest in Saudi Arabia. The brunt also affects the expatriate Saudis who have through their ingenuity invested in foreign lands (Al Arabiya English, 2016). The minister while giving the announcement did not, however, explicitly indicate how the system would ensure that the business operations are ethical..
APA 532 words