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The introduction of value added tax (VAT) in the Kingdom at the start of 2018 lifted the annual inflation rate to 2.5 percent from minus 0.9 percent the previous year
August 29th, 2019 - 09:34 GMT

Savings' Tax: Potential Measure to Spur Growth in Saudi Arabia

Higher taxes on savings could help to boost consumer spending and relieve deflationary pressures on the Saudi economy, according to a report from KPMG Al Fozan & Partners. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-3…","video_id":"332b5940-4475-4223-8145-3ae1440e586c","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 countries in the world to visit"} It is one of the potential measures to spur growth cited in the study which analyzes inflationary trends in the Kingdom dating from 1964 to the present day. While the introduction of value added ...
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