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Saudi Arabia triples VAT as Covid-19 strikes economy

Byindianadmin

May 11, 2020
Saudi Arabia triples VAT as Covid-19 strikes economy

A man counts Saudi riyal banknotes in Riyadh. Image copyright
Getty Images

Saudi Arabia is tripling its value included tax (BARREL) as part of austerity procedures to support its coronavirus-hit economy.

Saudi Arabia’s state news agency said VAT will increase from 5%to 15%as of 1 July, while the expense of living allowance will be suspended from

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