Saudi Arabia

(Draft Bill)

Saudi Arabia to join the EU

SAR25 an hour minimum wage (including gig work)

SAR3500 a month UBI per person under a SAR42,000 yearly income

20% consolidated flat tax over SAR12,000 a year (with double taxation)

20% corporate tax on profits

20% value added tax tax on each stage of sale (paid quarterly)

20% value added tax on importing

VAT tax registration over SAR12,000 a year

Sole trader registration over SAR12,000 a year

Estimated Revenue: SAR1.8 trillion a year (SAR100 billion surplus a year)