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Top 10 Middle East stories of 2017

By Tom Carnegie, 27 Dec 17

A new family tax in Saudi Arabia, Abu Dhabi’s biggest ever scam and the UAE pushing ahead with a major life industry overhaul were some of the most read stories by our Middle East audience in 2017. To see the others, click through the slides.

Saudi expat tax to start in July
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Saudi expat tax to start in July

Our third most read story for 2017 was the initial announcement that Saudi Arabia will levy a new tax on expatriates and their dependents from 1 July 2017.

The new tax was a move to boost the Gulf state’s local employment and revenues following persistently weak oil prices.

The tax followed a statement released by the government in 2016 which said: “Saudi Arabia has one of the most liberal labour policies globally, with very few restrictions on importing foreign labour to work in the kingdom.

“Currently, neither Saudi nationals nor foreign labourers pay income taxes, and this policy will remain in place.”

Click here for the full story.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.