SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Government Sector(Government, Legal & Humanity)
Filter PR by
  
Reimbursement of Expat Levy Announced for Select Employers

13 February 2019 - SAUDI ARABIA 
 
Executive summary 
 
The Ministry of Labour and Social Development announced that select employers will be eligible for reimbursement of a monthly fee they must pay for each foreign employee under their sponsorship. 
 
The Ministry of Labour and Social Development (MLSD) announced that select employers will be eligible for reimbursement of a monthly fee they must pay for each foreign employee under their sponsorship. 
 
Eligibility conditions 
 
According to  the MLSD’s announcement, employers with a Nitaqat rating of low green, medium green, high green and platinum for the past 52 weeks will be eligible for the fee refund or will be exempt from the payment, depending whether they have already settled their dues or not. Companies classified as yellow and red will be eligible for the refund only if they improve their Nitaqat rating (to at least low green) within 12 months from the start date of the initiative. 
 
Background  
 
Effective January 2018, employers in Saudi Arabia are subject to a monthly fee for each foreign employee under their sponsorship. The amount of the fee depends on whether the employer has 
more foreign workers than Saudi workers, and the fee increases annually. 
 
Companies with a total headcount of five or fewer workers are exempt from the levy, while those with six to nine employees must pay the fees for the number of workers exceeding five. 
In general, employers must settle their bill in a form of a one-time lump sum payment in the beginning of the year (which is referred to as ‘a collective invoice’), although the MLSD also allows for quarterly instalments. 
 
The imposition of the expat levy was strongly criticized by private sector employers especially in the construction industry and by business owners of small and medium enterprises and led to some further exemptions announced at the end of March 2018. 
 
How Fragomen can assist? 
 
Fragomen will continue monitoring the situation and will revert with additional information as developments occur. 

 

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 4128 times
PR Category : Government, Legal & Humanity
Posted on : Wednesday, February 13, 2019  10:24:00 AM UAE local time (GMT+4)
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
AIGNER - Mother's Day [20385-Views]
Cerruti 1881 - Special Product Launch for Mother's Day [19586-Views]
Sephora: Are You Ready to Join the #SephoraSquad? [19401-Views]
Why User Experience is Essential for Travel Business Growth? [18155-Views]
TBO Holidays Hotel XML API Integrated with TassPro and Itinerary HomePR & EventsTBO Holidays Hotel X... [17823-Views]
Rate Hawk is Live with Global Innovations Flagship Product TassPro and Itinerary [15523-Views]
Discover the Secret to Radiant Skin [15162-Views]
Expedia Partner Solutions (EPS) Partnered with Global Innovations [14580-Views]
Darussalam Launches New Website to Increase Market Reach [13608-Views]
The Season of Fashion Revival with AIGNER [10943-Views]
Kristina Fidelskaya Press Release AW2020 [8618-Views]
Trade Bank of Iraq Showcases Investment Opportunities in Iraq at Global Trade Review MENA 2020 Summi... [8598-Views]
Forrey & Galland Launches a New Concept in Saudi Arabia [7220-Views]
Bosch Celebrates the Opening of It's Largest Flagship Store in the Middle East [4904-Views]
Saudi Arabian Military Industries to Showcase Opportunities Within KSA Defence Sector at Global Aero... [4854-Views]
Etihad Airways to Operate Special Flights From Al Ain to Jeddah During Ramadan [4707-Views]
Honeywell, Saudia Aerospace Engineering Industries Lead the Way in Middle East Aircraft Maintenance [4567-Views]
Arla Foods Introduces New Baby&me Organic Products to Saudi Arabian Market [4436-Views]
Kingdom of Saudi Arabia Leads with World's First National Hyperloop Study, in Partnership with Virgi... [4162-Views]
UK's Georgia Hall Amongst Golf Stars Confirmed to Compete in Saudi Ladies International Next Month [3735-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories