Saudi to impose family tax: What it means to 41 lakh Indians & their family

Saudi to impose family tax: What it means to 41 lakh Indians & their family

Saudi Arabia has always been a popular destination for job seekers. However, starting next month, things will change for the worse for expatriates. Starting in July, Saudi Arabia will collect a new tax on expatriates and their dependents. The “dependent tax” will be 100 riyaux Arabia (around Rs 1723 on Wednesday) per month for each dependent. The amount will gradually increase each year until 2020.

According to TOI, several Indian workers in Saudi Arabia are planning to send to their post in India as they are likely to prove a heavy financial burden for them.

Indians make up the largest group of expatriates in Saudi Arabia and, therefore, will be the most affected. According to the report, 41 lakh Indians are working in the Kingdom.

Do you help Saudi Arabia while fighting the financial crisis?

The expatriation tax is seen as strengthening kingdom revenues to low oil prices. However, according to Gulf News, “reforms such as the rate of foreign workers can help increase government revenues, but may increase the cost of doing business in the Kingdom.”

Companies in Saudi Arabia currently spend 200 Saudi riyals a month to cover the rate for each non-Saudi employee. This applies to organizations where foreigners outnumber local workers.

Migrant rights activist Bheem Reddy Mandha said several people had already returned to their families for the past four months. “The men have become unmarried,” he told TOI.

According to iExpats.com, the International Monetary Fund (IMF) urges Gulf states to introduce more taxes to soften the impact of lower incomes as the price of oil decreases, leaving a black hole in budgets.

“Saudi Arabia has one of the most liberal Labor policies in the world, with very few restrictions on the importation of foreign labor to work in the kingdom,” the government said.

“At present, no Saudi citizens or foreign workers pay income taxes, and this policy will remain in place.”

Why is the Kingdom of Saudi Arabia so popular for job seekers in India?

The kingdom is home to the largest Indian passport holders out of India with about 41 Indian lakhs working there and over 400 Indian companies. This is attractive because, so far, Saudi Arabia does not demand any income tax.

Saudi law provides full protection to all foreigners, including a unified employment contract and provisions prohibiting the employment of people in different jobs in the profession outlined in the contract, said Saudi Arabia’s Al Sati ambassador.

In statements to TOI, he said, the rules prevent workers from working more than five hours at a stretch. Whenever Saudi authorities receive valid information, detailed investigations are ongoing and offenders are facing action.

Uber founder Travis Kalanick resigns as CEO

Uber founder Travis Kalanick resigns as CEO

Travis Kalanick resigned on Tuesday as CEO of Uber, the driving service helped found in 2009 and has built a colossal transport, after a revolt of shareholders has made the unbearable to remain in the company.
The exit Kalanick was under pressure after the hours’ drama involving investors Uber, according to two people familiar with the situation, who asked for anonymity because the details are confidential.
Hours earlier, the big five Uber investor demanded that the CEO resign immediately. Investors have included one of the largest shareholders of Uber, the benchmark venture capital company, which has one of its partners, Bill Gurley at Uber’s board. Investors urged Kalanick to resign in a letter to the CEO while he was in Chicago, people familiar with the situation said.
In the letter, entitled “Uber Forward” and obtained by The New York Times, investors have written Kalanick that he had to leave immediately and that the company will need a change of leadership. Kalanick, 40, consulted at least one member of the board of Uber, and after long discussions with certain investors, agreed to resign. He will remain on the Uber board.
“I love Uber almost everyone and at this difficult time in my personal life, I have accepted the request from investors who put me aside so that Uber can return to the building instead of distracting himself with another fight,” Mr. Kalanick said it’s a statement.
The Uber Council said in a statement that Kalanick “had always placed Uber first” and that his departure as CEO would give the company “the opportunity to fully embrace this new chapter of Uber history.” A Uber spokesman declined to comment further.
The months of limiting the movement of questions about Uber’s direction, which has become an excellent example of the initiator crop of Silicon Valley. The company has been exposed this year to have a working culture that suffers from sexual harassment and discrimination and pushed the envelope for the care of law enforcement and even partners. The tone was set by Kalanick, who has aggressively transformed the company into the worldwide dominant service and pushed the transportation industry around the world.
Kalanick problems started earlier this year after a former Uber engineer explained what he said was sexual harassment in the company, opening accountants for complaints and encouraging internal investigations. In addition, Uber has created an intellectual property trial Waymo, a self-drive rental company operating under Google’s parent company, and a federal investigation of a software tool that Uber has used to circumvent certain enforcement measures. Law.
Uber tried to overcome his difficult story, which developed inextricably linked to Kalanick. In the last month, Uber has laid off more than 20 employees after an investigation into the company’s culture, major changes have been made to professionalize their workplace and in search of new leaders, including the chief of operations.
Kalanick last week said he would take an indefinite leave from Uber, partly to work on himself and to mourn his mother, who died last month in a surfing accident. He said responsibility for the daily management of Uber to a committee of more than 10 leaders.