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 1277 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
An Amazing Collection for Ladies From Police [21078-Views]
212 VIP Extra Limited Edition [18106-Views]
Get closer- your makeup is invisible with Make Up For Ever's New Ultra HD Concealer [17163-Views]
Cole Haan Delivers True Performance Footwear With the Release of the Zerøgrand All-day Trainer [16880-Views]
A City by the Sea and the Desert: Diana Arno SS19 Collection [16843-Views]
Ralph Lauren offers the spring 2019 collection [13411-Views]
Detox your scalp, detox your mind with new Head & Shoulders Charcoal [13304-Views]
The RL50 Handbag: Introducing a New Icon [13136-Views]
SPRING 2019: MEET ‘CECE' [12120-Views]
Huawei Launches 5G Multi-mode Chipset and 5G CPE Pro [11361-Views]
Roberto Cavalli launches new Florence Amber [11082-Views]
Turkish Airlines introduces its new The LEGO® Movie 2 Inflight Safety Video, before moving its monum... [8799-Views]
Lenovo Offers Security Solutions in Global Smart City Race at Intersec 2019 [8749-Views]
The Fall 2019 Michael Kors Collection Runway Show [8397-Views]
Record Number of Innovations at the ISH: GROHE is Shaping the Future of Water [7634-Views]
Saudi Plastic and Petrochemical Exhibition 2019 set to launch with government and private sector bac... [6371-Views]
IHG signs world's largest Crowne Plaza® in Makkah [6154-Views]
SOUQ's ‘Everything For You Sale' is Back, Offering Savings Of Up To 70% [5695-Views]
Saudi Finance Minister to Bloomberg: 2.6% GDP Growth In 2019 [5363-Views]
GROHE Shapes the Future of Water with a record number of innovations at ISH 2019 [4764-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories