Last updated on MARCH 01, 2017
Applies to:Oracle Fusion Global Payroll Cloud Service - Version 22.214.171.124.0 and later
Oracle Fusion Global Payroll - Version 126.96.36.199.0 and later
Information in this document applies to any platform.
Saudi Government has advised a new Expat tax/levy for the year 2017 as follows :
Employee fee: Monthly fee of SAR300-400 based on Saudiization of the company with increment of SAR100.00 every year until 2020.00 to be paid by the Employer.
Dependent Fee: SAR100 per month on every person sponsored by expatriate with yearly increment of SAR100.00 until 2020. To be paid by expat (sponsor of the family).
Companies which deploy Expats (Foreign Nationals) are expected to pay these tax levy, and also expat employees have to pay this levy for their dependents.
Please advise about the release of this feature in Cloud Payroll for supporting Saudi Arabia legislation.
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