IN SAUDI ARABIA, THE MINISTRY OF FINANCE ANNOUNCED A PACKAGE OF RM 120 BILLION. THE PACKAGE, INCLUDING THE PAYMENT OF FOREIGN LEVY FEES BY THE GOVERNMENT FOR A FIXED PERIOD, WAS ANNOUNCED. THESE ARE THE MAJOR ANNOUNCEMENTS.
1. THOSE WHO HAVE ALREADY COMPLETED THEIR IQAMAH PERIOD AND THOSE WHO HAVE COMPLETED THE PERIOD OF IQAMAH TILL JUNE 30 WILL BE GRANTED THREE MONTHS WITHOUT LEVY.
2. THE EMPLOYER MAY RETURN THE MONEY TO THE SAUDI EMPLOYER FOR A NON-STAMPED WORK VISA OR GIVE HIM ANOTHER THREE MONTHS TO STAMP. THERE IS NO SPECIAL FEE. THOSE WHO WORK VISA STAMPS IN THE PASSPORT WILL ALSO BENEFIT.
3. FOR THOSE WHO ARE UNABLE TO RETURN HOME DESPITE RE-ENTRY DUE TO AIR PRICE RESTRICTION, THE PERIOD WILL BE EXTENDED FOR THREE MONTHS. THIS STEP CAN BE ACCOMPLISHED BY EMPLOYERS. AT PRESENT, RE-ENTRY WILL BE EXTENDED BY THE EMPLOYER WITH THE HELP OF THE EMPLOYER.
4. HE WAS GIVEN THREE MONTHS' GRACE TO PAY ZAKAT, VALUE ADDED TAX, EXCISE DUTY AND INCOME TAX. IMPORT DUTY ON THE COUNTRY WILL NOT BE CHARGED FOR 30 DAYS FROM NOW.
5. THE BANK AND BALADIA WERE GIVEN THREE MONTHS' TIME TO PAY THE CHARGES. IT MUST MEET THE CONDITIONS. THE GOVERNMENT WAS GIVEN THREE MONTHS' TIME TO PAY VARIOUS FEES TO PRIVATE COMPANIES.
6. SMALL AND MEDIUM ENTERPRISES HAS ANNOUNCED A PACKAGE OF 70 70 BILLION. THE LOANS HAVE ALSO BEEN DECIDED TO BE GENEROUS UNTIL THE END OF THE YEAR.
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