Social Security Rate in Saudi Arabia remained unchanged at 22 percent in 2021 from 22 percent in 2020. source: Department of Zakat and Income Tax

Social Security Rate in Saudi Arabia averaged 20.75 percent from 2006 until 2021, reaching an all time high of 22 percent in 2016 and a record low of 20 percent in 2007. This page provides - Saudi Arabia Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Social Security Rate - values, historical data and charts - was last updated on May of 2021.

Social Security Rate in Saudi Arabia is expected to reach 22.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Social Security Rate is projected to trend around 22.00 percent in 2022, according to our econometric models.

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Saudi Arabia Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
22.00 22.00 22.00 20.00 2006 - 2021 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 15.00 15.00 5.00 percent [+]


Saudi Arabia Social Security Rate
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.