Although the Gulf has long been associated with being a tax-free haven, Saudi Arabia and the UAE announced that due to a collapse in oil prices around 3 years ago, VAT would be introduced in 2018 on most goods and services to boost revenue.
Although the Gulf has long been associated with being a tax-free haven, Saudi Arabia and the UAE announced that due to a collapse in oil prices around 3 years ago, VAT would be in…… http://wndirect2.knibbshost.co.uk/en/blog/new-vat-saudi-arabia-uae