Okaz/Saudi Gazette
MADINAH — Saudi Arabia's retail sector will lose 5 percent of their sales in the first year after the imposition of value-added tax (VAT) by the end of this year, said economists and accountants.
The new tax aims at rationalizing (...)
MADINAH — The Federation of Labor Committees in Saudi Arabia has called for fixing a minimum salary for Saudi workers in the private sector to achieve labor market stability.
"This is also essential to attract Saudis to the private sector as well as (...)
Okaz/Saudi Gazette
MADINAH — Saudi Arabia's plan to introduce a permanent residency card system for expatriates, similar to US Green Card, will help cut down foreign remittances by 30 percent, according to experts.
"The move will help keep billions (...)
Okaz/Saudi Gazette
MADINAH — The Ministry of Labor has set up a special committee to discuss non-payment of payment of wages to Saudi Oger company employees for many months and said it has taken a number of punitive measures against the company.
An (...)
Okaz/Saudi Gazette
MADINAH — The Cabinet decision to impose tax on unused urban land has brought down real estate prices outside the central area in Madinah by 20 percent, according to real estate brokers.
Speaking to Okaz/Saudi Gazette, they said (...)
