KSA to stop Cost of Living allowance, increase VAT
https://www.arabnews.com/node/1672946/saudi-arabia
Saudi Arabia is to scrap the cost of living allowance as of June 1st and will increase VAT from 5% to 15% from July 1st. |
Re: KSA to stop Cost of Living allowance, increase VAT
What is the cost of living allowance exactly?
From Reuters : "In 2018, Saudi Arabia’s King Salman ordered a monthly payment of 1,000 riyals ($267) to every state employee to compensate them the rising cost of living after the government hiked domestic gas prices and introduced value-added tax." https://www.reuters.com/article/us-h...-idUSKBN22N05M |
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