Saudis Stock Up, Brace For Tripled VAT In Kingdom's Austerity Push

Saudis braced Wednesday for a tripling in value-added tax, another unpopular austerity measure after the twin shocks of coronavirus and an oil price slump triggered the kingdom's worst economic...

source https://www.ndtv.com/world-news/saudi-arabia-triples-value-added-tax-to-cover-oil-virus-led-losses-2254972