Saudi Arabia: Income Tax Will Not be Introduced
Gulf News (United Arab Emirates), 28 April 2021: Saudi Arabia’s Crown Prince has announced income tax is not going to be introduced in the Kingdom.
They added last year’s decision to increase VAT from 5% to 15% will only be in place for five years.
They made the announcement and issued the clarification during a TV interview to mark the fifth anniversary of the Saudi Vision 2030.
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