Tag: expats leaving gcc countries

Expats in Gulf mull future with taxes

Expats in Gulf mull future with taxes

Saudi
Many families living in Saudi Arabia say life is no longer affordable after new tax on dependents With the decrease in oil prices, their main source of income, Gulf Cooperation Council (GCC) states have been pushing for economic reforms and for new sources of income to help deal with deficits in budgets that are often largely dependent on the oil sector and that have reached unprecedented highs. New measures adopted by Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates included raising fuel prices, increasing service fees and reducing subsidies of basic supplies that are costing the states billions of dollars. Saudi Arabia, with a total population of more than 31 million that is larger than that of the other five GCC countries combined, was hit the hardest...
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