Saudi Arabia's finance minister on Monday said the kingdom will triple its Value Added Tax (VAT) and halt monthly handout payments to citizens in ...
Saudi is raising VAT from 5 percent to 15 percent as the kingdom seeks to generate revenue due to the slump in oil prices AFP/FAYEZ NURELDINERIYADH: Saudi Arabia's finance minister on Monday said the kingdom will triple its Value Added Tax and halt monthly handout payments to citizens in new austerity measures amid a coronavirus-led economic slump.
Saudi Arabia, along with other Gulf states, imposed a 5 per cent tax on goods and services in 2018 in a bid to generate additional revenue.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Aramco seeking to review price of SABIC dealDUBAI: Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals manufacturer SABIC after a more than 40 ...
Read more »
Exclusive: Saudi Aramco seeking to review price of SABIC deal - sourcesSaudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40per cent drop in ...
Read more »
Greece remembers anti-austerity riot victimsGreece on Saturday marked the tenth anniversary of a deadly firebomb attack on a bank during anti-austerity riots, as a coronavirus lockdown ...
Read more »
In Japan, world's longest-running TV cartoon show switches to re-runs as coronavirus halts productioMillions of Japanese viewers of the world's longest-running animated cartoon TV show will have to make do with re-runs from next week after the coronavirus pandemic disrupted production, Fuji Television Network said on Sunday.
Read more »
Exclusive: Saudi Aramco seeking to review price of SABIC deal - sourcesSaudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40per cent drop in ...
Read more »