Is a Algorithmic Trading Systems Engineer's salary tax-free in Saudi Arabia?
Yes, for expatriates. Saudi Arabia has no personal income tax on employment salaries for Saudi nationals or expatriates, so a Algorithmic Trading Systems Engineer earning the median SAR32K/mo takes home the full SAR 384,000 per year (SAR 32,000 per month) as an expatriate. GOSI social insurance only applies to Saudi national employees.