Saudi Arabia Tax Tables 2024 - Tax Rates and Thresholds in Saudi Arabia
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This page contains the tax table information used for the calculation of tax and payroll deductions in Saudi Arabia in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ SA, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Saudi Arabia or would like to add to or suggest amendments to the information herein then please contact us.
2024 Tax Tables [Quick Links]
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Saudi Arabia Personal Income Tax Tables in 2024
The Income tax rates and personal allowances in Saudi Arabia are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Saudi Arabia Tax Calculator 2024.
Saudi Arabia Residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Flat rate on all taxable income |
Saudi Arabia Non-residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Flat rate on all taxable income |
Saudi Arabia Social Security and Payroll Deduction Rates in 2024
In Saudi Arabia, the social security system is designed to provide comprehensive protection to employees working in the public and private sectors. The system is managed by the General Organization for Social Insurance (GOSI), which oversees a range of benefits covering retirement, disability, unemployment, and work-related injuries. This overview explains the types of social security and payroll deductions in Saudi Arabia, the purposes they serve, and the benefits they fund.
Saudi Arabia Social Security in 2024: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Social Insurance | 9% | 9% | 18% |
| Unemployment Insurance (SANED) | 0.75% | 0.75% | 1.5% |
| Occupational Hazard Insurance | 0% | 2% | 2% |
Saudi Arabia Social Security and Payroll Deduction in 2024: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Social Insurance | ﷼ 18,000.00 | ﷼ 540,000.00 | ﷼ 18,000.00 | ﷼ 540,000.00 |
| Unemployment Insurance (SANED) | ﷼ 18,000.00 | ﷼ 540,000.00 | ﷼ 18,000.00 | ﷼ 540,000.00 |
| Occupational Hazard Insurance | n/a | n/a | n/a | n/a |
Retirement and Pension Contributions
Both employees and employers make contributions to retirement and pension plans, which are designed to provide a stable income for individuals upon retirement. These contributions fund the retirement benefits, ensuring financial security for retirees.
Disability and Death Benefits
Social security contributions also fund disability and death benefits, offering support to employees who are unable to work due to a disability and to the families of deceased employees. These benefits provide crucial financial assistance during difficult times.
Unemployment Insurance (Saned)
The unemployment insurance program, known as Saned, is funded through contributions from both employees and employers. It provides temporary financial support to Saudi nationals in the event of involuntary job loss, helping them to cover living expenses while they search for new employment.
Work Injury Insurance
Work injury insurance is another critical component, entirely funded by employers. It covers medical treatment, rehabilitation, and compensation for work-related injuries or illnesses, ensuring that employees receive appropriate care and support for recovery.
Occupational Hazard Protection
This element of social security is specifically designed to protect employees against occupational hazards. Funded by employer contributions, it aims to prevent work-related accidents and diseases through safety training and regulations, in addition to providing financial compensation for affected employees.
Health Insurance
While not directly managed by GOSI, health insurance is a mandatory requirement for all employees in the private sector. Employers are responsible for providing health insurance coverage for their employees, contributing to the overall well-being of the workforce.
The social security and payroll deduction system in Saudi Arabia plays a vital role in ensuring the welfare of employees and their families. By providing comprehensive coverage for retirement, unemployment, and health-related issues, the system supports the social and economic stability of Saudi society. These contributions and benefits reflect the kingdom's commitment to protecting its workforce and fostering a supportive environment for both employees and employers.
Saudi Arabia VAT Rates in 2024
VAT rates for Saudi Arabia are reviewed annually, you can use the VAT Calculator to calculate VAT due in Saudi Arabia or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Saudi Arabia VAT Rates| VAT Rate | VAT Description |
|---|
| 0% | Zero Rated |
| 5% | Standard Rate |
Historic Tax Tables supported for Saudi Arabia
The following tax tables are supported by iCalculator™ SA as part of the suite of free tax tools we provide for Saudi Arabia.