Sad and Bad News,
Saudi Government has imposed 6% tax for all overseas remittance.
Means to transfer 100,000 Saudi Riyal in Pakistan we have to pay 6000 SAR !!! It's too much
Ramadan gift to foreigners from Saudi Government!
overseas replied on Monday, June 6, 2016 10:07 AM
use hundi Save Tax |
Msc replied on Monday, June 6, 2016 10:08 AM
It was Proposed 3 days ago, till now its not approved, do you have any authentic news that its implemented. |
AHMAD HASSAN® replied on Monday, June 6, 2016 10:09 AM
Few weeks backs I tried to tell but no one was be beliviing on my news. Not only this, GCC coutries also going to limit remitance. Al though this rule is not in western countries but major share of remitance is coming from GCC countries. Property tax in Pakistan and all this this will let market to correction phase. |
Adrees® replied on Monday, June 6, 2016 10:13 AM
its proposal and not approved by Shoura council yet.they proposed to impose 6% tax on foreign remittances in first year and reducing it every year to bring at 2%. they are still working on it to decide what amount of remittance to be taxed and what not. |
AHMAD HASSAN® replied on Monday, June 6, 2016 10:21 AM
It is going to implement very soon. |
Arif M® replied on Monday, June 6, 2016 10:21 AM
@overseas, FBR will consider it black money if hundi is used. There will be no money trail to show! |
User_7279® replied on Monday, June 6, 2016 10:21 AM
Test |
MIT® replied on Monday, June 6, 2016 03:19 PM
We have lot of overseas Pakistanis in KSA & GCC, and if these States go with their enforcement it'll will hurt us badly by limited & restricted remittance causing down trend economic activities in Pakistan, dragging other things along with social unrest in the country. Current Budget by itself was enough to 'achieve' this goal by Dar's Declaration. |
Junaid® replied on Monday, June 6, 2016 04:34 PM
Dear ALI,
Till now it's only proposed not imposed, please share the authentic news as these types of news create panic among others, Thanks |
Ahmad KSA replied on Monday, June 6, 2016 06:42 PM
it is just a proposal. they can not implement it without giving investment opportunities to expats in country. Long way to go |
Nabeel® replied on Tuesday, June 7, 2016 03:46 AM
Saudi & Kuwait come up with a lot of foolish proposals.
Once it becomes law, then it can be discussed. |
Dubai_Property replied on Tuesday, June 7, 2016 06:35 AM
If it is imposed in other Gulf countries as well, it will create big panic to their own investors and I see big crash in Dubai/UAE realestate as well as in overall business. I don't think they will let is happen. |
User_12596® replied on Tuesday, June 7, 2016 06:44 AM
It will take time, be relax |
Johar® replied on Tuesday, June 7, 2016 07:02 AM
Test |
