All posts in " balance "

Saudi Arabia, UAE introduce VAT to help balance the budget

Published time: 1 Jan, 2018 17:50 Saudi Arabia and the United Arab Emirates have introduced a five percent value-added tax (VAT) on many goods and services in an attempt to raise budget revenues amid a global slump in oil prices. The two Gulf countries had long prided themselves on being minimum tax havens fueled by […]

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