ECONOMY | Saudi Arabia Could Review VAT Hike After Pandemic Ends, Says Minister

Saudi Arabia’s acting information minister on Thursday said the kingdom could review its VAT increase after the novel coronavirus pandemic ends, a move which may spur economic recovery after the tax increase boosted inflammation. Saudi Arabia tripled value – added tax to 15 percent in July to offset the impact of lower oil revenue on … More ECONOMY | Saudi Arabia Could Review VAT Hike After Pandemic Ends, Says Minister