Saudi Arabia will not reduce VAT any time soon, says Minister

Aran News Saudi Arabia01 Nov, 2021News

RIYADH: Saudi Finance Minister Mohammed Al-Jadaan revealed that there will be no reduction in value-added tax (VAT) in the near future, but it would be considered when public finances improve in several years. The goal of the VAT is to deal with the shock of the Corona pandemic, he said. There will be no VAT cut anytime soon, he told Asharq, on the sidelines of the Group of Twenty (G20) meetings in Rome.