VAT in 2018
Saudi Arabia, UAE to roll out VAT in 2018
Saudi Arabia and the United Arab Emirates have long lured foreign workers with the promise of a tax-free lifestyle. Now they plan to impose a 5 percent tax next year on most goods and services to boost revenue after oil prices collapsed three years ago.
December 27, 2017
Saudi Arabia, UAE to roll out VAT in 2018
Saudi Arabia and the United Arab Emirates have long lured foreign workers with the promise of a tax-free lifestyle. Now they plan to impose a 5 percent tax next year on most goods and services to boost revenue after oil prices collapsed three years ago.
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