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Saudi: fuel hikes and now VAT in bid for revenues

Tuesday, January 02, 2018 - 01:54

Saudi Arabia and the UAE introduce VAT on most goods and services as both seek new revenues after years of low oil prices. As David Pollard reports, the move is a first for Gulf states, and comes after a sharp hike in Saudi fuel prices.

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Saudi Arabia and the UAE introduce VAT on most goods and services as both seek new revenues after years of low oil prices. As David Pollard reports, the move is a first for Gulf states, and comes after a sharp hike in Saudi fuel prices.

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Saudi: fuel hikes and now VAT in bid for revenues

Tuesday, January 02, 2018 - 01:54