KSA to stop Cost of Living allowance, increase VAT
May 11th 2020, 2:54 am
#1
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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.
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.
May 11th 2020, 4:25 am
#2
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Joined: Apr 2008
Posts: 64
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
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
Last edited by clergy; May 11th 2020 at 4:41 am.
