Regulation, Risk & Compliance
Tax
Uncategorized
Saudi Arabia 2020 inflation rises to 3.4% after VAT tripled
Saudi Arabian inflation rose to 3.4% in 2020, lifted by the tripling of value-added tax last year as the kingdom sought to boost state revenues hit by the coronavirus crisis and lower oil prices, government data showed. The main drivers were prices of food and beverages, which increased by 9%,…
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