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Deputy Governor of the Authority of Small and Medium Enterprises, "Facilities" of the financial sector, Mohammed al-Maliki, reported that the Authority had returned about 233 million riyals to 9810 companies under the the government royalty initiative.
According to the "economic" manager, Al-Maliki indicated that the average amount of payments amounted to about 26,2 thousand riyals and that the number of requests for refund of government taxes had reached about 15,500 requests.
He pointed out that the quality of the costs recovered depends on expatriate labor costs, business records, commercial room subscriptions, municipal licenses, subscriptions to Saudi Post and other government fees.
King Salman Bin Abdul Aziz, the curator of the two Holy Mosques, issued a royal order approving R $ 72 billion for the implementation of the private sector stimulus plan, including an initiative to restore royalties. paid by new small and medium-sized enterprises to 7 billion riyals.
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