Due to low oil prices in the global market, oil-producing countries are suffering from severe financial problems. Saudi Arabia is also among the countries where the budget deficit has reached $ 80 billion. The Saudi government is raising new measures to reduce the rising budget deficit, which includes the benefits of new taxes. In the current financial year budget, the Saudi government has also imposed taxes on the working families from foreign countries. Now the worker's will have to pay 100 Riyals tax for their each family member, while the Saudi government intends to increase from 100 Riyals to 300 Riyals in the next three years.
Due to low oil prices in the global market, oil-producing countries are suffering from severe financial problems. Saudi Arabia is also among the countries where the budget deficit has reached $ 80 billion. The Saudi government is raising new measures to reduce the rising budget deficit, which includes the benefits of new taxes. In the current financial year budget, the Saudi government has also imposed taxes on the working families from foreign countries. Now the worker's will have to pay 100 Riyals tax for their each family member, while the Saudi government intends to increase from 100 Riyals to 300 Riyals in the next three years.
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