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Coronavirus fallout: Saudi Arabia to suspend cost of living allowance, raise VAT threefold

Coronavirus fallout: Saudi Arabia to suspend cost of living allowance, raise VAT threefold

by pallanus | May 11, 2020 | Business News

Saudi Arabia is suspending the cost of living allowance and raising the value added tax threefold, as part of measures aimed at shoring up state finances, battered by low oil prices and a severe coronavirus-driven slowdown. “Cost of living allowance will be suspended...

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