Saudi Will Not Reconsider 15% VAT Increase In Short To Medium-term
Category:
Saudi Arabia
Saudi Arabia’s finance minister said on Sunday that a decision to triple value-added tax to 15 per cent would not be reconsidered in the short to medium term, but might be looked into in the long term.
Speaking at a news conference closing the two-day G20 online summit, Mohammed Al Jadaan said the VAT decision had been “difficult” but a necessary option to support the economy.
SOURCE : GULFINSIDER
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23 Nov, 2020
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