Paragraph 1
Saudi Arabia will triple the
of value added
on goods and services. It will rise to
15 per cent. The government said this was
because of the effects of coronavirus on the
. The pandemic has damaged the oil-rich nation's
. Oil prices and
for oil have fallen. Saudi started VAT for the first
in 2018. Oil revenue this year has fallen by almost a
when compared to the same
last year.
