Saudi Arabia is one of only a few countries that successfully raised its value-added tax rate during the COVID-19 pandemic, a government minister said on Thursday. The Gulf state was able to raise tax revenues without hampering the growth of the country’s economy, Faisal Alibrahim said during a panel at the World Economic Forum on Thursday.
Sources:
Latest Posts in "Saudi Arabia"
- Saudi Arabia Introduces VAT Refund Program for Tourists and GCC Nationals to Boost Tourism
- Briefing document: Saudi Arabia FATOORAH E-invoicing Compliance
- Saudi Arabia Launches VAT Refund Service for Tourists to Boost Economic Diversification and Tourism
- Saudi Arabia’s ZATCA Phase 23 E-Invoicing: Key Compliance Steps for 2025 Roll-Out
- Saudi Arabia Introduces VAT Refund Program to Boost Tourism and Shopping Experience
