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'COMMITTED TO FREE MOVEMENT'

Saudi Arabia says no fees on expats' remittances

RIYADH, January 23, 2017

The Saudi Arabia's Finance Ministry has announced that there would be no fees applied on remittances out of the country.

Saudi Arabia is "committed to the principle of free movement of capital in and out of the kingdom, in line with international standards," the ministry's official Twitter account said.  

The announcement comes days after the kingdom's advisory Shura Council said it was looking at a proposal to impose a six percent levy on expatriate remittances.-TradeArabia News Service
 




Tags: Saudi Arabia | Remittances | fees | expats |

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