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Saudi Arabia is doing many reforms to reduce the country's dependency on oil revenues, but many of these reforms have overburdened some citizens. The Citizen's Account, which is a form of basic income , is designed to balance this up, to avoid burdening lower income families which would otherwise occur despite higher prices for oil, fuel and ...
The General Authority of Zakat, Tax, and Customs (ZATCA) (Arabic: هيئة الزكاة والضريبة والجمارك) is a government agency under the Ministry of Finance in Saudi Arabia that is responsible for the assessment and collection of taxes and zakat, a form of obligatory almsgiving in Islam.
The e-Government in Saudi Arabia was established as per Royal Decree No. 7/B/33181 dated 7 September 2003. The e-Government was created by the Ministry of Communications and Information Technology. In 2005, the Ministry of Communications and Information Technology created the e-Government Program Yesser with the ministry of finance and the ...
The kafala system in Saudi Arabia previously tied workers to their employers, or sponsors, who are responsible for the employees’ visa and legal status. The new law limited the relationship between employers and expatriate workers under the system, who primarily work in construction and domestic work.
Crown prince of Saudi Arabia Mohammad bin Salman launched the National Transformation Program to fulfill part of the goals set by the Vision 2030 program. [ 3 ] On 22 December 2016, the Saudi government announced the NTP's Citizen’s Account Program , an update to the method of offering government subsidies for gasoline, electricity and high ...
GOSI is supervised by a board of eleven directors from government departments, employers and insured persons. Calculations of GOSI are based on earning of an employee (basic salary + housing allowance) of a particular organization. Calculations are divided into 3 categories: GOSI for Saudi National
Saudization (Arabic: السعودة), [1] officially the Saudi nationalization scheme and also known as Nitaqat (Arabic: النطاقات), is a policy that is implemented in the Kingdom of Saudi Arabia by the Ministry of Labor and Social Development, which requires companies and enterprises to fill their workforce with Saudi nationals up to certain levels.
The Ministry owns the Istidama Holding Company, which on 23 April 2018, received the 36.2% stake of the Saudi Binladin Group owned by Bakr bin Laden and his brothers Saleh and Saad. [ 2 ] Government bodies established by the Ministry of Finance