I was reading an interesting article this morning about potential tax increases in Saudi Arabia.
The whole article can be read on Wion News but I have quoted the article below:
According to the United Nations (UN), the Arab economies could shrink by 5.7 per cent due to the coronavirus pandemic. At least a quarter of the Arab population could be pushed into poverty.
In Saudi Arabia, the government is considering all options to bolster its finances. One of these options include introducing income tax as Saudi Arabia is headed towards its deepest contraction in 30 years. It is set to shrink 6.8 per cent in 2020.