Monday, January 1, 2018

UAE and Saudi Arabia End Tax-Free Living, Roll Out 5% VAT As Oil Revenue Slump

A 5% levy is imposed on most goods and services to boost revenue as the collapse in crude prices since 2014 sparked cutbacks.

from Forbes Real Time https://www.forbes.com/sites/suparnadutt/2018/01/01/uae-and-saudi-arabia-end-tax-free-living-roll-out-5-vat-as-oil-revenue-slump/
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