Saudi Arabia denies move to impose fee on remittances
RIYADH, September 4, 2018
Saudi Arabia's Ministry of Finance has dismissed as baseless reports suggesting that the kingdom plans to impose charges on expatriates' remittances.
It reaffirmed its commitment to the free transfer of capital, including expatriates’ remittances, provided they are done through the recognised legal channels and in accordance with the established world-class standards and practices, said a Saudi Press Agency report.
This is in line with Vision 2030 which will bolster the competitive edge of the economy and its appeal to foreign investment, it added.
