Saudi Arabia considering subsidy cuts, VAT – Emirates 24|7

Saudi Arabia considering subsidy cuts, VAT – Emirates 24|7


Emirates 24|7

Saudi Arabia considering subsidy cuts, VAT
Emirates 24|7
Saudi Arabia may reduce energy and water subsidies for wealthy citizens, impose a value added tax (VAT) and taxes on unhealthy goods like cigarettes and sugary drinks, Deputy Crown Prince Mohammed bin Salman was quoted as saying on Wednesday.

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Saudi Arabia considering subsidy cuts, VAT – Emirates 24|7