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New Remittance Rule

 
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Tom Cat



Joined: 08 May 2003
Posts: 11
Location: Japan

PostPosted: Sun Jul 06, 2003 5:45 am    Post subject: New Remittance Rule Reply with quote

I've heard that as of 1 January 2004, foreigners will only be allowed to remit half their salary abroad. I can't guess how the government plans to implement this, but it sounds like pretty bad news for us. Is this rumor true?
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Cleopatra



Joined: 28 Jun 2003
Posts: 3657
Location: Tuamago Archipelago

PostPosted: Sun Jul 06, 2003 8:32 am    Post subject: Reply with quote

I read this message to a fellow expat and his reaction ws the same as mine "Rubbish!".
Neither of us had heard this rumour - and as you know, rumours are ten a rial in this place. The government know that most expats here send almost all of their salaries home, whether home is in The Phillippines, the US or Pakistan. I know the authorities in KSA have a way of shooting themselves in the foot, but I honestly can't believe this one.
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johnslat



Joined: 21 Jan 2003
Posts: 12301
Location: Santa Fe, New Mexico, USA

PostPosted: Sun Jul 06, 2003 11:01 am    Post subject: Ditto Reply with quote

Dear Tom Cat,
Of course, one never knows what's going to happen here, often without much, if any, warning. But I ditto Cleopatra's estimate: rubbish. I haven't heard even the slighest hint of anything like this.
Regards,
John
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scot47



Joined: 10 Jan 2003
Posts: 12096
Location: Ultima Thule

PostPosted: Sun Jul 06, 2003 11:02 am    Post subject: Reply with quote

I cannot believe that there is any truth in this. Exchange control (ie restrictions on movement of currencies) is viewed in the Kingdom as "unIslamic". Mind you a lot of things that go on in the Kingdom could be seen as "unIslamic". (have a look at the way many workers from East Asia are treated !)

Seriously I think there is no danget of this at all. And the idea of introducing income tax has been shelved too.

The goverrnment here knows that they have to be nice to foreigners working here - within reason that is !
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scot47



Joined: 10 Jan 2003
Posts: 12096
Location: Ultima Thule

PostPosted: Sun Jul 06, 2003 11:03 am    Post subject: Reply with quote

I cannot believe that there is any truth in this. Exchange control (ie restrictions on movement of currencies) is viewed in the Kingdom as "unIslamic". Mind you a lot of things that go on in the Kingdom could be seen as "unIslamic". (have a look at the way many workers from East Asia are treated !)

Seriously I think there is no danget of this at all. And the idea of introducing income tax has been shelved too.

The goverrnment here knows that they have to be nice to foreigners working here - within reason that is !
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Mark100



Joined: 05 Feb 2003
Posts: 441

PostPosted: Mon Jul 07, 2003 4:51 am    Post subject: Reply with quote

I think this could be posted in the wrong place as the location listed is Japan on his bio and in the post he says "us".
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