Last Updated: April 2026
Saudi Arabia is home to over 10 million expatriates drawn by the combination of zero income tax, high salaries, and a rapidly modernising economy under Vision 2030. Departure from Saudi Arabia is relatively straightforward from a tax perspective — there is simply no personal income tax system to navigate. However, the End of Service Benefit (EOSB), GOSI social insurance, and the tax implications in your destination country (where the EOSB may be fully taxable) require careful planning. Saudi business owners face Zakat obligations and ZATCA clearance requirements.
Key destination-country tax implications for the most common departure routes:
UK: Upon establishing UK tax residency: your EOSB payment is taxable as employment income. The £30,000 termination payment exemption may apply if the EOSB is a genuine termination payment — not if it is contractual enhanced severance. Arrears of salary or contractual bonuses: fully taxable in the UK regardless of when received. Saudi bank interest: 0% Saudi withholding; taxable in UK at up to 45% marginal rate (save-and-invest into ISA after returning to UK). Saudi property: UK CGT does not apply to Saudi real estate gains (Saudi Arabia would have the primary taxing right under a UK-Saudi DTA if one exists — no comprehensive UK-Saudi income tax treaty as of 2026).
USA: Saudi EOSB and gratuity fully taxable on Form 1040. FBAR: Saudi bank accounts (SAR or otherwise) reportable on FinCEN 114 if aggregate >$10,000. FBAR deadline: April 15 (with automatic extension to October 15). Saudi Aramco shares (if awarded): report on Form 3520 if held in trust structure; capital gains fully US-taxable.
Australia: ATO treats EOSB as assessable income. Employment Termination Payment (ETP) concessional rate may apply (up to $235,000 at 15% or 30% depending on age and type — ETP cap applies). Seek ATO ruling on EOSB classification as ETP. Saudi bank accounts: reportable under ATO foreign income reporting obligations.
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Get Health Insurance After Leaving Saudi Arabia →Yes — almost universally. Although Saudi Arabia imposes no tax on the EOSB payment, your destination country will generally tax it as income in the year received (or the year you establish tax residency in that country). Country-by-country: UK: taxable as employment earnings; £30,000 termination exemption may apply if the EOSB qualifies as a genuine ex-gratia termination payment rather than a contractual entitlement — HMRC makes a factual determination. Most Saudi EOSB (which is a statutory entitlement) does NOT qualify for the £30,000 exemption — it is contractual/statutory, not ex-gratia. Australia: assessable income; potentially qualifies as Employment Termination Payment (ETP) at concessional rates — seek ATO advice on classification. USA: fully taxable as ordinary income on Form 1040. Canada: taxable as employment income; retiring allowance rules may allow RRSP contribution of limited amounts. Germany: taxable as income; potential 1/5 rule (Fünftelregelung) averaging concession for multi-year lump sums — may reduce effective German tax rate. France: taxable as salaires; indemnité de licenciement partial exemption may apply if the EOSB was involuntary termination — not for voluntary resignation. Key planning point: if possible, receive your EOSB while still a Saudi tax resident (no Saudi tax) and BEFORE establishing tax residency in the high-tax destination — the timing of when you establish new tax residency relative to when the EOSB is paid is critical.
Saudi bank accounts (SAR and FX accounts at Saudi National Bank, Al Rajhi Bank, Riyad Bank, etc.) can be managed after departure: (1) Option 1 — Keep open as non-resident: Saudi banks allow non-residents to maintain accounts. The bank may require updated identification (passport) and foreign address — provide via the bank's branch or digital banking platform. Useful if you expect future Saudi income (Tadawul dividends, property rental, delayed EOSB instalments). (2) Option 2 — Close and transfer: close the account and transfer proceeds internationally. For SAR (Saudi Riyal) transfers: SAR is pegged to USD at 3.75 — there is no exchange rate risk (unlike TRY or VND). International SAR transfers: Saudi banks (SARIE system domestically; SWIFT internationally) handle outbound transfers. For transfers above $10,000 equivalent: documentation of source of funds required. Wise: Wise supports SAR to GBP, EUR, AUD, USD at competitive rates for smaller transfers. For larger Saudi-to-abroad transfers: Saudi bank's international wire service or specialist FX brokers (Moneycorp, OFX) may offer better rates at scale. FATF reporting: Saudi Arabia participates in FATF (Financial Action Task Force) anti-money laundering standards. Large transfers from Saudi accounts internationally require documentation — salary slips, EOSB calculation, property sale documents as appropriate. IBAN format: Saudi bank accounts use SA-prefix IBANs (24 characters).
Saudi Stock Exchange (Tadawul/Saudi Exchange) investments: (1) Qualified Foreign Investor (QFI) status: non-residents can hold Saudi equities directly via the QFI programme administered by the Capital Market Authority (CMA). You can register as a QFI to continue holding Saudi stocks as a non-resident. (2) No Saudi CGT: Saudi Arabia imposes no capital gains tax on individuals for stock transactions — sales of Saudi equities are tax-free in Saudi Arabia. (3) Destination country CGT: your new country of residence will impose capital gains tax on Saudi stock gains. UK: 18%/24% CGT; USA: 15%/20%; Germany: 25% Abgeltungsteuer; Australia: 50% CGT discount for 12-month+ holdings. (4) Dividends from Saudi stocks: Saudi company dividends paid to non-residents — subject to 5% Saudi withholding (per ZATCA domestic rates — check DTA if applicable). Credit this in your new country. (5) Saudi REITs (Real Estate Investment Trusts traded on Tadawul): non-residents can hold Saudi REITs via QFI. Saudi REIT dividends: 0% withholding for REITs under current Saudi rules. (6) Saudi bonds (sukuk): held via Tadawul or directly. Non-resident sukuk interest/returns: 5% withholding at source (ZATCA). (7) Broker: maintain your relationship with your Saudi broker (Al Rajhi Capital, SNB Capital, Riyad Capital, etc.) or switch to an international broker that supports Saudi market access.
If you own shares in a Saudi company (limited liability company — LLC/شركة ذات مسؤولية محدودة, or joint stock company — JSC/شركة مساهمة): (1) CIT obligations: as a foreign shareholder, your share of the company's profits is subject to 20% Saudi CIT. This is levied at the company level — the company files CIT returns with ZATCA. Your personal departure does not change the company's ongoing CIT obligations. (2) Selling Saudi company shares on departure: the gain on sale of Saudi company shares by a non-resident is subject to Saudi withholding tax under ZATCA rules. The buyer withholds on the gain. Obtain a ZATCA tax clearance before the transfer. (3) Zakat: the Saudi national portion of the company's Zakatable base pays Zakat at 2.5%. If you are a foreign shareholder: the foreign portion pays CIT (not Zakat). Mixed ownership: apportion accordingly. (4) ZATCA clearance: apply for a tax clearance certificate (شهادة الإخلاء الضريبي) from ZATCA — required to transfer shares, dissolve the company, or exit a partnership. ZATCA reviews all outstanding CIT, Zakat, withholding, and VAT obligations. (5) MISA (Ministry of Investment): foreign investment licences require MISA notification of shareholder changes. Apply for MISA approval of share transfer before completing the exit. (6) Electronic invoicing continuity: if the company is Fatoorah (e-invoicing) compliant, ensure the system remains operational post-departure — the company continues as a Saudi entity regardless of the shareholder's residence.