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IMF recommends Saudi NOT to reduce the VAT rate

IMF recommends Saudi NOT to reduce the VAT rate again, despite a rosy fiscal outlook. The Ministry had said though that it would consider reducing the rate again within 1-5 years of raising it from 5 to 15%.

Source

  • Aurifer
  • IMF – Saudi Arabia: 2022 Article IV Consultation-Press Release; and Staff Report

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