Saudi Arabia to review VAT increase after COVID-19

A picture taken on March 23, 2020, shows the empty King Fahd road in the Saudi capital Riyadh after authorities imposed a curfew for 21 days to curb the spread of the COVID-19 coronavirus pandemic. (Photo by FAYEZ NURELDINE / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)
- Advertisement -

Saudi Arabia will review its VAT increase after the coronavirus pandemic ends, the Kingdom’s acting media minister said. The decision to triple VAT earlier this year was a “painful” one and has undoubtedly caused concern for every individual and family, Majid Al-Qasabi said.

“This decision is like any other decision, it will be revised when this crisis is over,” the minister told a news conference.

Al-Qasabi added that consumer protection is a top priority for the Kingdom and it would not allow people to be exploited.

READ  UAE records over 24,000 COVID-19 violations in first half of September

As such, 370,000 inspections have been carried out in 13 regions, during which more than 3,700 violations were recorded and nearly 500 tons of food items were confiscated.

Comments

- Advertisement -