Crown Prince Mohammed bin Salman: No plans for income tax in Saudi Arabia at all

Crown Prince Mohammed bin Salman: No plans for income tax in Saudi Arabia at all

Saudi Arabia's Crown Prince Mohammed bin Salman confirmed there are no plans to ever introduce income tax in the Kingdom during a televised national interview marking five years since the launch of the Saudi Vision 2030 program.

"There are no plans at all the introduce any income tax in the Kingdom of Saudi Arabia,“ the Crown Prince said during his interview.

The Crown Prince appeared on the Liwan Al Mudaifer Show, and is expected to discuss developments in Saudi Arabia's ambitious Vision 2030 plan. It is the fifth anniversary of the plan, which aims to transform the Kingdom and prepare it for a post-hydrocarbon age.

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He also spoke on plans to eventually reduce the percentage of Value Added Tax in Saudi Arabia, calling it a painful decision he personally had to undertake.

"This step was painful for me personally as I do not want to affect or harm the Saudi citizen in any way shape or form by my main job is to guarantee and build the citizens' future in the long term, for the next 20-30 years,“ Prince Mohammed said.

2030 achievements

The Saudi Council of Economic and Development Affairs recently