{"id":650614,"date":"2017-03-28T04:01:09","date_gmt":"2017-03-28T04:01:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/saudi-arabia-slashes-tax-rates-on-aramco-sets-income-tax-rates-for-other-producers\/"},"modified":"2017-03-28T04:01:09","modified_gmt":"2017-03-28T04:01:09","slug":"saudi-arabia-slashes-tax-rates-on-aramco-sets-income-tax-rates-for-other-producers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/saudi-arabia-slashes-tax-rates-on-aramco-sets-income-tax-rates-for-other-producers\/","title":{"rendered":"Saudi Arabia slashes tax rates on Aramco, sets income tax rates for other producers"},"content":{"rendered":"

Saudi Arabia issued a royal decree slashing taxes payable by Aramco to 50% <\/strong>from 85%<\/strong>, Bloomberg<\/a> reports. Aramco currently pays a 20% royalty on its revenue and an 85% tax on income. \u201cThe royal decree falls in line with an earlier promise that Saudi Arabia will reduce the overall tax rate paid by its national oil company to make its 2018 initial public offering \u2026 more appealing to investors,\u201d economic research director at the Gulf Research Center Foundation, John Sfakianakis. Saudi Arabia also set a range of income tax rates for producers of oil and hydrocarbons, according to Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi Arabia issued a royal decree slashing taxes payable by Aramco to 50% from 85%, Bloomberg reports. Aramco currently pays a 20% royalty on its revenue and an 85% tax on income. \u201cThe royal decree falls in line with an earlier promise that Saudi Arabia will reduce the overall tax rate paid by its national […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-650614","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"57716512-6687-4790-a4d6-389ff3ea8a82","order":"0","is_powered_by":true,"section_story_id":"035d8089-b801-45a5-a779-6c7ea882e43e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650591],"teaser":"","voice_url":""},"yoast_head":"\nSaudi Arabia slashes tax rates on Aramco, sets income tax rates for other producers - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/saudi-arabia-slashes-tax-rates-on-aramco-sets-income-tax-rates-for-other-producers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabia slashes tax rates on Aramco, sets income tax rates for other producers\" \/>\n<meta property=\"og:description\" content=\"Saudi Arabia issued a royal decree slashing taxes payable by Aramco to 50% from 85%, Bloomberg reports. Aramco currently pays a 20% royalty on its revenue and an 85% tax on income. \u201cThe royal decree falls in line with an earlier promise that Saudi Arabia will reduce the overall tax rate paid by its national […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/saudi-arabia-slashes-tax-rates-on-aramco-sets-income-tax-rates-for-other-producers\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-28T04:01:09+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/saudi-arabia-slashes-tax-rates-on-aramco-sets-income-tax-rates-for-other-producers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/saudi-arabia-slashes-tax-rates-on-aramco-sets-income-tax-rates-for-other-producers\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Saudi Arabia slashes tax rates on Aramco, sets income tax rates for other producers\",\"datePublished\":\"2017-03-28T04:01:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/saudi-arabia-slashes-tax-rates-on-aramco-sets-income-tax-rates-for-other-producers\/\"},\"wordCount\":107,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/saudi-arabia-slashes-tax-rates-on-aramco-sets-income-tax-rates-for-other-producers\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/saudi-arabia-slashes-tax-rates-on-aramco-sets-income-tax-rates-for-other-producers\/\",\"name\":\"Saudi Arabia slashes tax rates on Aramco, sets income tax rates for other producers - 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