Saudi Arabia Social Security Rate For Companies

The Social Security Rate For Companies in Saudi Arabia stands at 12 percent. Social Security Rate For Companies in Saudi Arabia averaged 11.29 percent from 2006 until 2019, reaching an all time high of 12 percent in 2016 and a record low of 11 percent in 2007.

Social Security Rate For Companies in Saudi Arabia is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Social Security Rate For Companies is projected to trend around 12.00 percent in 2020, according to our econometric models.

Saudi Arabia Social Security Rate For Companies

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Saudi Arabia Taxes	Last	Previous	Highest	Lowest	Unit
Corporate Tax Rate	20.00	20.00	45.00	20.00	percent	[+]
Personal Income Tax Rate	0.00	0.00	0.00	0.00	percent	[+]
Social Security Rate	22.00	22.00	22.00	20.00	percent	[+]
Social Security Rate For Companies	12.00	12.00	12.00	11.00	percent	[+]
Social Security Rate For Employees	10.00	10.00	10.00	9.00	percent	[+]
Sales Tax Rate	5.00	5.00	5.00	5.00	percent	[+]

In Saudi Arabia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Saudi Arabia because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Saudi Arabia Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Social Security Rate For Companies - actual data, historical chart and calendar of releases - was last updated on August of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	12.00	12.00	12.00	11.00	2006 - 2019	percent	Yearly

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Country	Last		Previous	Range
France	45.00	Dec/18	45	45 : 37.9	%
China	37.00	Dec/18	37	37 : 37	%
Italy	30.00	Dec/19	30	45.9 : 30	%
Russia	30.00	Dec/19	30	35.6 : 26	%
Spain	29.90	Dec/19	29.9	33.7 : 29.9	%
Brazil	28.80	Dec/19	28.8	31.8 : 20	%
Argentina	26.70	Dec/19	26.7	27 : 26.7	%
Turkey	22.50	Dec/19	22.5	22.5 : 16.5	%
Netherlands	19.80	Dec/19	19	21.25 : 17.4	%
Germany	19.44	Dec/19	19.38	21 : 16.7	%
Singapore	17.00	Dec/19	17	17 : 13	%
Japan	14.75	Dec/18	14.75	15.2 : 6.8	%
United Kingdom	13.80	Dec/19	13.8	13.8 : 10.2	%
India	12.00	Dec/18	12	12 : 12	%
Saudi Arabia	12.00	Dec/19	12	12 : 11	%
South Korea	10.40	Dec/18	10.4	10.4 : 8.5	%
Australia	9.50	Dec/19	9.5	9.5 : 9	%
United States	7.65	Dec/18	7.65	10.1 : 7.65	%
Mexico	7.58	Dec/18	7.58	14.7 : 7.58	%
Canada	7.37	Dec/19	7.27	7.9 : 4.3	%
Switzerland	6.00	Dec/19	6	11.55 : 6	%
Indonesia	5.74	Dec/18	5.74	11.74 : 5.74	%
South Africa	1.00	Dec/19	1	2 : 1	%