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Asharq Al-Awsat on MSNDespite Global Challenges, Saudi Arabia Continues Economic Diversification EffortsAs global economic challenges intensify—driven by fluctuations in interest rates, trade policies, and geopolitical ...
In effect, it is a major cost benefit for them.” Saudi Arabia has an 15% VAT, while tourists can reclaim the 5% VAT once they leave the UAE. "We have also seen some visitors from Bahrain do the ...
Saudi Arabia has waived tax fines and penalties in the country. The Zakat, Tax and Customs Authority (ZATCA) has urged all taxpayers to take advantage of the Cancellation of Fines and Exemption of ...
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