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Saudi Arabia: New rate of VAT as revenue forecasts fall in Covid year


Issue 1112 - 15 Oct 2020

GSN Risk Grade – B↓2↓

Politics: Established by King Abdelaziz (Ibn Saud) in 1932, the kingdom is the Gulf Co-operation Council (GCC) giant in terms of population, territory, oil wealth and its claim to religious authority. An absolute monarchy, Saudi Arabia is ruled by King Salman Bin Abdelaziz, Ibn Saud’s sixth son to assume the throne.

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