The Social Security Rate For Companies in Saudi Arabia stands at 12 percent. source: Department of Zakat and Income Tax

Social Security Rate For Companies in Saudi Arabia averaged 11.33 percent from 2006 until 2020, reaching an all time high of 12 percent in 2016 and a record low of 11 percent in 2007. 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 - values, historical data and charts - was last updated on January of 2021.

Social Security Rate For Companies in Saudi Arabia is expected to reach 12.00 percent by the end of 2020, 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 2021, according to our econometric models.

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Saudi Arabia Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
12.00 12.00 12.00 11.00 2006 - 2020 percent Yearly

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 15.00 5.00 15.00 5.00 percent [+]


Saudi Arabia Social Security Rate For Companies
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.