progress
Sign In

Is a foreign non-resident natural person subject to income tax on his deposits to his accounts in local banks?

The income of a foreign non-resident natural person from deposits to his accounts in local banks is not taxable unless the person is engaged in a professional, commercial, or business activity. In such a case, his income from his deposits in local banks will be taxed on his other incomes. As a result, he is obligated to declare such income when filing the annual tax return to GAZT.​
Comments and suggestions
Comments and suggestions
For any inquiries or notes about authority services or current page, please fill in the required information.
Add a comment
Was this page useful?
0 visitors said yes from 0 feedbacks

Last Update: 04 Sep 2020 06:15 PM Saudi Arabia Time