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Month: May 2019

IMF urges Saudi Arabia to mull VAT rate increase

May 21, 2019November 13, 2019 admin0

International Monetary Fund hails success of VAT system in Saudi Arabia, says 5% rate could be raised in consultation with other Gulf countries IMF urges Saudi Arabia to mull VAT rate increase The IMF report said Saudi government spending has risen, supporting growth but raising medium-term fiscal vulnerabilities to lower oil prices. Economic reforms in Saudi […]

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