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Arabia

SaudiArabia will be tripling its value-added tax (VAT) rate on July 1, from 5 percent to 15 percent

2020-06-30

[PUBLISH.TWITTER]

#SaudiArabia will be tripling its value-added tax (VAT) rate on July 1, from 5 percent to 15 percent.

Here’s everything that you need to know ahead of the rate hike:https://t.co/R3sIGBXA3f
— Al Arabiya English (@AlArabiya_Eng) June 29, 2020

Posted by:Fred

#1 Wow. Taxing their own citizens. They must be in a world of financial hurt.

Posted by: Tom 2020-06-30 13:16

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