Comment & Analysis
Coronavirus
Tax
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Covid hit to drag GCC countries' tax revenues 20% lower
GCC countries could lose up to 20 per cent of tax revenues this year due to the impact of coronavirus and the resulting lockdowns on their economies. However, a decline in tax revenues in Saudi Arabia, the region's largest economy, could be offset with the tripling of value-added tax (VAT)…
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Click here to read the full story: Khaleej Times