Saudi Government is considering to bring VAT back to 5% after Corona

64

For the latest updates, news, and events of Saudi Arabia you can join our WhatsApp group or Telegram

For the latest updates, you can join our WhatsApp group. or SnapChat

The Minister of Commerce and the Minister of Information in charge, Dr. Majid Al-Qasabi, confirmed that the decision to raise the value-added tax was not taken easily and was very difficult, indicating that it would be reviewed if the crisis ended and the economic cycle returned to normal.

Trending Now  Quarantine at the expense of non-citizen travelers, within the price of the ticket “GACA” announces new procedures for entering the Kingdom

In the regular press conference for government communication, which was held to implement the directives of Crown Prince Mohammed bin Salman, he said that the decision to raise the value-added tax was not taken easily, and in numbers, the state employees’ wage bill was half a trillion riyals, in addition to many obligations, all these sums were not covered by revenues Oil.

TrendingEnd of Service Benefits in Kingdom of Saudi Arabia (KSA)

Al-Qasabi added that when the value-added tax was raised, the goal was not to prejudice salaries or allowances, and the state chose this option to help face the problems of weak revenues.

Trending Now  Among them is the vaccination requirement 4 official decisions come into effect from the first day of the blessed Eid Al-Fitr

He pointed out that in the future, the economic cycle will improve, and oil will return to what it was, and the decision, like any other decision, is reviewed when the crisis ends.

Also Read: FLIGHT TO SAUDI ARABIA; THE EFFORTS OF THE INDIAN EMBASSY ARE PROGRESSING BY GIVING HOPE TO THE EXPATRIATES

Join us on Telegram

Add us on Snapchat

For the latest updates, news, and events of Saudi Arabia you can join our WhatsApp group or Telegram

Please share this article with your fellows and subscribe to our website by clicking on the Bell Icon (Left Bottom of this Page) to receive notifications for every Trending article. We hope that your queries are resolved. If not, feel free to message us on our FB Page.
We are here to reply to your questions with a legal basis to assist you in all possible ways.