We adjure all Saudis having American nationality to submit tax return in due time

Jim O’Neill, Senior Vice President, USFAAF  has adjurned all Saudis having the American Nationalities to submit the tax return in due time in order to avoid the severe punishments according to the American laws  .

He added : we opened two branche of FATCA in Jeddah and Riyadh to support the Saudis born in the Staes by giving them free of charge consultancies 

To help them correcting their tax positions .

He praised the efforts of the US Financial Advisory & Audit Firm (USFAAF) for solving the growing problems of the Saudi Nationals
holding the American passports regarding the tax payment and the importance of submitting the tax return on due time 

He disclosed that the opening two branches in Riyadh and Jeddah would help the Saudi Nationals in getting the consultancies in order
to prevent them from punishments imposed by the US government on those who do not pay the tax or do not submit the tax return on due time.

He noted that the importance of FACTA and opening two branches authorized and registered by IRS ( Internal Revenue Service ) would bar the Saudis from tough US punishments which amounts to huge fine in dollars and also imprisonment.

The USFAAF hold a dinner party recently at Intercontenntal hotel in Jeddah The event was attended by Jim O’Neill, Chelsea Rebeck, Attorney and FATCA Director, Ahmed Abu Nar Middle East Managing Director and Osama Eldahshoury, Middle East, Executive Director and other top-notch dignitaries.

Chelsea addressing the attendees said: Those who hold the American passport or the Green card and living in GCC countries they
have to abide by FACTA law to avoid the fines and imprisonment.

She  added that any Saudi born in the United States he is American in the eyes of the law and in this capacity he has to submit the tax return even if he does not have the American passport .

Chelsea Rebeck disclosed: over 7 million have the American passport living outside the US most of them have bank accounts they should
settle their tax situation.

Osama Eldahshoury said: The doors are open to submit the tax return from mid-January till the end of June 2016 and those who will not
submit will be punished severely by paying $250000 and imprisonment for 5 years.

He stated : USFAAF offices in Riyadh , Jeddah , Dubai and Cairo give consultancies free of charge and let the customers know their rights
and obligations to avoid the severe punishment and lose the American passport.

Beside these punishment, there are other punishments will be imposed on banks for not cooperating by submitting bank statements for every
customer holding the American passport.

Ahmed Abu Nar said : FATCA  law states that every one has the American passport or the Green card can invest in any part of the
world as long as he submits the tax return in due time .

Abu Nar added : Our 4 offices offer many other services such as Filing tax return and FBAR,  Information about FATCA Programs for
missing previous years and  Issuing Social Security Numbers.