Carousel

Sponsored Links

Looking for House and Lot Within Tagaytay Area? CONTACT US!

Name

Email *

Message *

Showing posts with label Dependent Levy. Show all posts
Showing posts with label Dependent Levy. Show all posts

Monday, July 03, 2017

Saudi Expat Dependent's Fee Must Be Paid First Before Iqama Renewal Or Exit-Reentry Visa

July 1, 2017 - Saudi Arabia has started to collect the much-talked about Dependent's Fee from the huge number of expatriates in the kingdom. Announced during last year's budget proposal, the Dependent's Levy is a part of the kingdom's plan to diversify its source of income which comes mainly from petroleum products as the price of oil remains low. As part of the government’s Fiscal Balance Program, expatriate workers are expected to pay SR1,200 for one year for each of his dependents in the kingdom. Up until Sunday morning, there was no clear indication as to the implementation of the proposal except that the fees will be collected at the time of the iqama renewal - the residency document for expatriates. In the later hours of Sunday however, expats who wanted to pay the exit-reentry visa fee for their family members were prompted by the online payment system to first clear the dependent fee for the remaining months of the validity of their iqamas (residence permits). Online transactions started displaying complete and accurately calculated amount of dependent fee based on the validity of the expat's iqama and his number of dependents. This observation was seen in online transactions of Saudi-American Bank as well as other banks in the kingdom. However, not all banks are currently reflecting the fees in the payment options, including Al Rajhi Bank. A video is also shown below (in English and Indian language). Today, it emerged clearly that the payment of dependent fee is not only directly linked with the renewal of iqama but also the issuance of exit-reentry visa, whichever comes first. The exit-reentry process can be done against single individual dependent by paying the fee up to the date of the validity of iqama. However, for the renewal of iqama it is mandatory to settle the amount for all dependents. What remians unclear now is if the fee is limited to the commercial sector and if expatriates working in the government sector are included as well. All dependents are included in the regulation, including children, wife, as well as maids and drivers working directly for a sponsor. Monthly fee for each dependent costs SR100 this year. It will double next year, then triple in 2019. In 2020, the fee for each dependent will be SR400 per month. Almost all expats are reacting negatively to the policy of taxing only expatriates. Some have already sent dependents on final exit as they themselves started seeking better opportunities somewhere else. While most residents understand that Saudi Arabia needs to give more opportunities to its nationals and tackle unemployment, they say the move is counter-productive, as expats have also been a contributing factor to the local economy. Okaz Arabic daily estimates that the dependent fee will generate SR1 billion in revenue by the end of the year and SR65 billion by 2020. However, it is unclear how much the move will take away from the economy if expats continue to send their families back home - including most of their salaries. UPDATE: A recent screenshot of AlRiyadh Newspaper is going viral all over the internet. It says that the King has cancelled all visa related fees in the kingdom. However, AlRiyadh themselves tweeted that the post was not theirs and therefore it is fake news. See the image below.




July 1, 2017 - Saudi Arabia has started to collect the much-talked about Dependent's Fee from the huge number of expatriates in the kingdom. Announced during last year's budget proposal, the Dependent's Levy is a part of the kingdom's plan to diversify its source of income which comes mainly from petroleum products as the price of oil remains low. As part of the government’s Fiscal Balance Program, expatriate workers are expected to pay SR1,200 for one year for each of his dependents in the kingdom.

 Up until Sunday morning, there was no clear indication as to the implementation of the proposal except that the fees will be collected at the time of the iqama renewal - the residency document for expatriates.
In the later hours of Sunday however, expats who wanted to pay the exit-reentry visa fee for their family members were prompted by the online payment system to first clear the dependent fee for the remaining months of the validity of their iqamas (residence permits). Online transactions started displaying complete and accurately calculated amount of dependent fee based on the validity of the expat's iqama and his number of dependents.

July 1, 2017 - Saudi Arabia has started to collect the much-talked about Dependent's Fee from the huge number of expatriates in the kingdom. Announced during last year's budget proposal, the Dependent's Levy is a part of the kingdom's plan to diversify its source of income which comes mainly from petroleum products as the price of oil remains low. As part of the government’s Fiscal Balance Program, expatriate workers are expected to pay SR1,200 for one year for each of his dependents in the kingdom. Up until Sunday morning, there was no clear indication as to the implementation of the proposal except that the fees will be collected at the time of the iqama renewal - the residency document for expatriates. In the later hours of Sunday however, expats who wanted to pay the exit-reentry visa fee for their family members were prompted by the online payment system to first clear the dependent fee for the remaining months of the validity of their iqamas (residence permits). Online transactions started displaying complete and accurately calculated amount of dependent fee based on the validity of the expat's iqama and his number of dependents. This observation was seen in online transactions of Saudi-American Bank as well as other banks in the kingdom. However, not all banks are currently reflecting the fees in the payment options, including Al Rajhi Bank. A video is also shown below (in English and Indian language). Today, it emerged clearly that the payment of dependent fee is not only directly linked with the renewal of iqama but also the issuance of exit-reentry visa, whichever comes first. The exit-reentry process can be done against single individual dependent by paying the fee up to the date of the validity of iqama. However, for the renewal of iqama it is mandatory to settle the amount for all dependents. What remians unclear now is if the fee is limited to the commercial sector and if expatriates working in the government sector are included as well. All dependents are included in the regulation, including children, wife, as well as maids and drivers working directly for a sponsor. Monthly fee for each dependent costs SR100 this year. It will double next year, then triple in 2019. In 2020, the fee for each dependent will be SR400 per month. Almost all expats are reacting negatively to the policy of taxing only expatriates. Some have already sent dependents on final exit as they themselves started seeking better opportunities somewhere else. While most residents understand that Saudi Arabia needs to give more opportunities to its nationals and tackle unemployment, they say the move is counter-productive, as expats have also been a contributing factor to the local economy. Okaz Arabic daily estimates that the dependent fee will generate SR1 billion in revenue by the end of the year and SR65 billion by 2020. However, it is unclear how much the move will take away from the economy if expats continue to send their families back home - including most of their salaries. UPDATE: A recent screenshot of AlRiyadh Newspaper is going viral all over the internet. It says that the King has cancelled all visa related fees in the kingdom. However, AlRiyadh themselves tweeted that the post was not theirs and therefore it is fake news. See the image below.
Screenshot of SAMBA Transactions for Alien Control Services under MOI Payments

This observation was seen in online transactions of Saudi-American Bank, NCB and other banks in the kingdom. However, not all banks are currently reflecting the fees in the payment options, including Al Rajhi Bank. A video is also shown below (in English and Indian language).

July 1, 2017 - Saudi Arabia has started to collect the much-talked about Dependent's Fee from the huge number of expatriates in the kingdom. Announced during last year's budget proposal, the Dependent's Levy is a part of the kingdom's plan to diversify its source of income which comes mainly from petroleum products as the price of oil remains low. As part of the government’s Fiscal Balance Program, expatriate workers are expected to pay SR1,200 for one year for each of his dependents in the kingdom. Up until Sunday morning, there was no clear indication as to the implementation of the proposal except that the fees will be collected at the time of the iqama renewal - the residency document for expatriates. In the later hours of Sunday however, expats who wanted to pay the exit-reentry visa fee for their family members were prompted by the online payment system to first clear the dependent fee for the remaining months of the validity of their iqamas (residence permits). Online transactions started displaying complete and accurately calculated amount of dependent fee based on the validity of the expat's iqama and his number of dependents. This observation was seen in online transactions of Saudi-American Bank as well as other banks in the kingdom. However, not all banks are currently reflecting the fees in the payment options, including Al Rajhi Bank. A video is also shown below (in English and Indian language). Today, it emerged clearly that the payment of dependent fee is not only directly linked with the renewal of iqama but also the issuance of exit-reentry visa, whichever comes first. The exit-reentry process can be done against single individual dependent by paying the fee up to the date of the validity of iqama. However, for the renewal of iqama it is mandatory to settle the amount for all dependents. What remians unclear now is if the fee is limited to the commercial sector and if expatriates working in the government sector are included as well. All dependents are included in the regulation, including children, wife, as well as maids and drivers working directly for a sponsor. Monthly fee for each dependent costs SR100 this year. It will double next year, then triple in 2019. In 2020, the fee for each dependent will be SR400 per month. Almost all expats are reacting negatively to the policy of taxing only expatriates. Some have already sent dependents on final exit as they themselves started seeking better opportunities somewhere else. While most residents understand that Saudi Arabia needs to give more opportunities to its nationals and tackle unemployment, they say the move is counter-productive, as expats have also been a contributing factor to the local economy. Okaz Arabic daily estimates that the dependent fee will generate SR1 billion in revenue by the end of the year and SR65 billion by 2020. However, it is unclear how much the move will take away from the economy if expats continue to send their families back home - including most of their salaries. UPDATE: A recent screenshot of AlRiyadh Newspaper is going viral all over the internet. It says that the King has cancelled all visa related fees in the kingdom. However, AlRiyadh themselves tweeted that the post was not theirs and therefore it is fake news. See the image below.
Screenshot of Al Rajhi Bank Online Transactions for Expatriate Services under MOI Payments


 Today, it emerged clearly that the payment of dependent fee is not only directly linked with the renewal of iqama but also the issuance of exit-reentry visa, whichever comes first.

 The exit-reentry process can be done against single individual dependent by paying the fee up to the date of the validity of iqama. However, for the renewal of iqama it is mandatory to settle the amount for all dependents. What remians unclear now is if the fee is limited to the commercial sector and if expatriates working in the government sector are included as well.

 All dependents are included in the regulation, including children, wife, as well as maids and drivers working directly for a sponsor. Monthly fee for each dependent costs SR100 this year. It will double next year, then triple in 2019. In 2020, the fee for each dependent will be SR400 per month.




 Almost all expats are reacting negatively to the policy of taxing only expatriates. Some have already sent dependents on final exit as they themselves started seeking better opportunities somewhere else.

 While most residents understand that Saudi Arabia needs to give more opportunities to its nationals and tackle unemployment, they say the move is counter-productive, as expats have also been a contributing factor to the local economy.
Okaz Arabic daily estimates that the dependent fee will generate SR1 billion in revenue by the end of the year and SR65 billion by 2020. However, it is unclear how much the move will take away from the economy if expats continue to send their families back home - including most of their salaries.

 UPDATE: A recent screenshot of AlRiyadh Newspaper is going viral all over the internet. It says that the King has cancelled all visa related fees in the kingdom. However, AlRiyadh themselves tweeted that the post was not theirs and therefore it is fake news. See the image below.
July 1, 2017 - Saudi Arabia has started to collect the much-talked about Dependent's Fee from the huge number of expatriates in the kingdom. Announced during last year's budget proposal, the Dependent's Levy is a part of the kingdom's plan to diversify its source of income which comes mainly from petroleum products as the price of oil remains low. As part of the government’s Fiscal Balance Program, expatriate workers are expected to pay SR1,200 for one year for each of his dependents in the kingdom. Up until Sunday morning, there was no clear indication as to the implementation of the proposal except that the fees will be collected at the time of the iqama renewal - the residency document for expatriates. In the later hours of Sunday however, expats who wanted to pay the exit-reentry visa fee for their family members were prompted by the online payment system to first clear the dependent fee for the remaining months of the validity of their iqamas (residence permits). Online transactions started displaying complete and accurately calculated amount of dependent fee based on the validity of the expat's iqama and his number of dependents. This observation was seen in online transactions of Saudi-American Bank as well as other banks in the kingdom. However, not all banks are currently reflecting the fees in the payment options, including Al Rajhi Bank. A video is also shown below (in English and Indian language). Today, it emerged clearly that the payment of dependent fee is not only directly linked with the renewal of iqama but also the issuance of exit-reentry visa, whichever comes first. The exit-reentry process can be done against single individual dependent by paying the fee up to the date of the validity of iqama. However, for the renewal of iqama it is mandatory to settle the amount for all dependents. What remians unclear now is if the fee is limited to the commercial sector and if expatriates working in the government sector are included as well. All dependents are included in the regulation, including children, wife, as well as maids and drivers working directly for a sponsor. Monthly fee for each dependent costs SR100 this year. It will double next year, then triple in 2019. In 2020, the fee for each dependent will be SR400 per month. Almost all expats are reacting negatively to the policy of taxing only expatriates. Some have already sent dependents on final exit as they themselves started seeking better opportunities somewhere else. While most residents understand that Saudi Arabia needs to give more opportunities to its nationals and tackle unemployment, they say the move is counter-productive, as expats have also been a contributing factor to the local economy. Okaz Arabic daily estimates that the dependent fee will generate SR1 billion in revenue by the end of the year and SR65 billion by 2020. However, it is unclear how much the move will take away from the economy if expats continue to send their families back home - including most of their salaries. UPDATE: A recent screenshot of AlRiyadh Newspaper is going viral all over the internet. It says that the King has cancelled all visa related fees in the kingdom. However, AlRiyadh themselves tweeted that the post was not theirs and therefore it is fake news. See the image below.


source: Saudi Gazette, Arab News


©2017 THOUGHTSKOTO

SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
Tags , , , , , , , , ,

Sunday, June 04, 2017

Companies Start Collecting Dependent's Fee For Saudi Expats

In December of 2016, the Saudi Government has unveiled their 2017 Budget. It was a time of great upheaval in the kingdom as the price of oil remains very low and the government is losing money everyday. The budget was, by any account, revolutionary. As the Saudi Government works overtime to balance their declining finances, they started to look at other sources of income outside the oil industry. Among the "new" sources of income is the imposition of new fees to the massive population of expatriates in the kingdom. One such levy is about to be implemented next month. The Dependent's Fee is a 100-Riyal monthly fee levied for each dependent of an expatriate worker. It means, an expatriate worker (or his employer?) should pay an annual fee of SR1200.00 for EACH dependent living with the employee in the kingdom. The amount is said to be collected annually during Iqama (residency card) renewal. In 2018, the amount will double, then triple in 2019. By year 2020, the Dependent's Fee would be four times, or SR400 per month! OFWs in Saudi are starting to share the information that their companies are giving out memos to expatriate workers regarding the Dependent's Fee. Expatriates have sent images of such notices to friends and relatives using What's App or FB Messenger. Most pictures taken does not show the company logo, perhaps to avoid a backlash from the employer, but some contain the company logos, which gives more credence to the report. Check out the images below so you can judge for yourself. We have tried several times to verify the story, but knowing the Saudi Government, any official announcement regarding this issue is done only via the Ministry of Interior. It is still unclear whether who will shoulder the new fees. While the Saudi Labor Law clearly states that employers must shoulder all costs and imposed fees related to hiring an expatriate worker, some companies split the cost with their employees. Many, however, simply pass the costs to their employers, taking-advantage of the workers lack of knowledge on local labor laws. The number of OFWs with dependents in Saudi Arabia is currently unclear. One thing is for sure, if this plan continues, then their numbers will surely decrease. As such, the Philippine government should also prepare for a surge of Filipino OFWs and their dependents, most of whom will surely go home in the next few years.



In December of 2016, the Saudi Government has unveiled their 2017 Budget. It was a time of great upheaval in the kingdom as the price of oil remains very low and the government is losing money everyday. The budget was, by any account, revolutionary. As the Saudi Government works overtime to balance their declining finances, they started to look at other sources of income outside the oil industry.

 Among the "new" sources of income is the imposition of new fees to the massive population of expatriates in the kingdom. One such levy is about to be implemented next month.

 The Dependent's Fee is a 100-Riyal monthly fee levied for each dependent of an expatriate worker. It means, an expatriate worker (or his employer?) should pay an annual fee of SR1200.00 for EACH dependent living with the employee in the kingdom. The amount is said to be collected annually during Iqama (residency card) renewal. In 2018, the amount will double, then triple in 2019. By year 2020, the Dependent's Fee would be four times, or SR400 per month!
In December of 2016, the Saudi Government has unveiled their 2017 Budget. It was a time of great upheaval in the kingdom as the price of oil remains very low and the government is losing money everyday. The budget was, by any account, revolutionary. As the Saudi Government works overtime to balance their declining finances, they started to look at other sources of income outside the oil industry. Among the "new" sources of income is the imposition of new fees to the massive population of expatriates in the kingdom. One such levy is about to be implemented next month. The Dependent's Fee is a 100-Riyal monthly fee levied for each dependent of an expatriate worker. It means, an expatriate worker (or his employer?) should pay an annual fee of SR1200.00 for EACH dependent living with the employee in the kingdom. The amount is said to be collected annually during Iqama (residency card) renewal. In 2018, the amount will double, then triple in 2019. By year 2020, the Dependent's Fee would be four times, or SR400 per month! OFWs in Saudi are starting to share the information that their companies are giving out memos to expatriate workers regarding the Dependent's Fee. Expatriates have sent images of such notices to friends and relatives using What's App or FB Messenger. Most pictures taken does not show the company logo, perhaps to avoid a backlash from the employer, but some contain the company logos, which gives more credence to the report. Check out the images below so you can judge for yourself. We have tried several times to verify the story, but knowing the Saudi Government, any official announcement regarding this issue is done only via the Ministry of Interior. It is still unclear whether who will shoulder the new fees. While the Saudi Labor Law clearly states that employers must shoulder all costs and imposed fees related to hiring an expatriate worker, some companies split the cost with their employees. Many, however, simply pass the costs to their employers, taking-advantage of the workers lack of knowledge on local labor laws. The number of OFWs with dependents in Saudi Arabia is currently unclear. One thing is for sure, if this plan continues, then their numbers will surely decrease. As such, the Philippine government should also prepare for a surge of Filipino OFWs and their dependents, most of whom will surely go home in the next few years.
A page from the Fiscal Balance Program - Balanced Budget 2020
OFWs in Saudi are starting to share the information that their companies are giving out memos to expatriate workers regarding the Dependent's Fee. Expatriates have sent images of such notices to friends and relatives using What's App or FB Messenger. Most pictures taken does not show the company logo, perhaps to avoid a backlash from the employer, but some contain the company logos, which gives more credence to the report.

 Check out the images below so you can judge for yourself. We have tried several times to verify the story, but knowing the Saudi Government, any official announcement regarding this issue is done only via the Ministry of Interior.

In December of 2016, the Saudi Government has unveiled their 2017 Budget. It was a time of great upheaval in the kingdom as the price of oil remains very low and the government is losing money everyday. The budget was, by any account, revolutionary. As the Saudi Government works overtime to balance their declining finances, they started to look at other sources of income outside the oil industry. Among the "new" sources of income is the imposition of new fees to the massive population of expatriates in the kingdom. One such levy is about to be implemented next month. The Dependent's Fee is a 100-Riyal monthly fee levied for each dependent of an expatriate worker. It means, an expatriate worker (or his employer?) should pay an annual fee of SR1200.00 for EACH dependent living with the employee in the kingdom. The amount is said to be collected annually during Iqama (residency card) renewal. In 2018, the amount will double, then triple in 2019. By year 2020, the Dependent's Fee would be four times, or SR400 per month! OFWs in Saudi are starting to share the information that their companies are giving out memos to expatriate workers regarding the Dependent's Fee. Expatriates have sent images of such notices to friends and relatives using What's App or FB Messenger. Most pictures taken does not show the company logo, perhaps to avoid a backlash from the employer, but some contain the company logos, which gives more credence to the report. Check out the images below so you can judge for yourself. We have tried several times to verify the story, but knowing the Saudi Government, any official announcement regarding this issue is done only via the Ministry of Interior. It is still unclear whether who will shoulder the new fees. While the Saudi Labor Law clearly states that employers must shoulder all costs and imposed fees related to hiring an expatriate worker, some companies split the cost with their employees. Many, however, simply pass the costs to their employers, taking-advantage of the workers lack of knowledge on local labor laws. The number of OFWs with dependents in Saudi Arabia is currently unclear. One thing is for sure, if this plan continues, then their numbers will surely decrease. As such, the Philippine government should also prepare for a surge of Filipino OFWs and their dependents, most of whom will surely go home in the next few years.


In December of 2016, the Saudi Government has unveiled their 2017 Budget. It was a time of great upheaval in the kingdom as the price of oil remains very low and the government is losing money everyday. The budget was, by any account, revolutionary. As the Saudi Government works overtime to balance their declining finances, they started to look at other sources of income outside the oil industry. Among the "new" sources of income is the imposition of new fees to the massive population of expatriates in the kingdom. One such levy is about to be implemented next month. The Dependent's Fee is a 100-Riyal monthly fee levied for each dependent of an expatriate worker. It means, an expatriate worker (or his employer?) should pay an annual fee of SR1200.00 for EACH dependent living with the employee in the kingdom. The amount is said to be collected annually during Iqama (residency card) renewal. In 2018, the amount will double, then triple in 2019. By year 2020, the Dependent's Fee would be four times, or SR400 per month! OFWs in Saudi are starting to share the information that their companies are giving out memos to expatriate workers regarding the Dependent's Fee. Expatriates have sent images of such notices to friends and relatives using What's App or FB Messenger. Most pictures taken does not show the company logo, perhaps to avoid a backlash from the employer, but some contain the company logos, which gives more credence to the report. Check out the images below so you can judge for yourself. We have tried several times to verify the story, but knowing the Saudi Government, any official announcement regarding this issue is done only via the Ministry of Interior. It is still unclear whether who will shoulder the new fees. While the Saudi Labor Law clearly states that employers must shoulder all costs and imposed fees related to hiring an expatriate worker, some companies split the cost with their employees. Many, however, simply pass the costs to their employers, taking-advantage of the workers lack of knowledge on local labor laws. The number of OFWs with dependents in Saudi Arabia is currently unclear. One thing is for sure, if this plan continues, then their numbers will surely decrease. As such, the Philippine government should also prepare for a surge of Filipino OFWs and their dependents, most of whom will surely go home in the next few years.
It is still unclear whether who will shoulder the new fees. While the Saudi Labor Law clearly states that employers must shoulder all costs and imposed fees related to hiring an expatriate worker, some companies split the cost with their employees. Many, however, simply pass the costs to their employers, taking-advantage of the workers lack of knowledge on local labor laws.

 The number of OFWs with dependents in Saudi Arabia is currently unclear. One thing is for sure, if this plan continues, then their numbers will surely decrease.
As such, the Philippine government should also prepare for a surge of Filipino OFWs and their dependents, most of whom will surely go home in the next few years.



©2017 THOUGHTSKOTO
SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
Tags , , , , , , ,
Subscribe to: Posts (Atom)