Saudi crown prince says kingdom has no plans to introduce income tax

The kingdom had tripled VAT to offset the impact of lower oil revenue on state finances in a move that had shocked citizens and businesses expecting more support from the government during the coronavirus pandemic.

"Raising VAT was a painful measure and I hate to hurt any Saudi citizen, but it is my duty to build Saudis a long-term sustainable future," the prince said in an interview aired on Saudi TV to mark the fifth anniversary of Vision 2030. "Raising VAT to 15% is a temporary decision that will last one to five years and then it will go down to between 5% to 10%," he said.

Prince Mohammed also said the kingdom aims to reduce unemployment to 11% this year. Unemployment among Saudi citizens fell to 12.6% in the fourth quarter of 2020 from 14.9% in the third quarter. The government has been pushing through economic reforms since 2016 to create millions of jobs and reduce unemployment to 7% by 2030.Our Standards:

I could move there anytime ..........................

Crown Prince of death. Will he arrest his relatives again to collect money?

What a Handsome Prince you have!!

When 95% of the wealth is in the hands of the royal family and their friends ,40% of the people are below the poverty line, it is reasonable not to set taxes

I hope to child's lavy will also be removed or lowered bcoz it's to heavy for workers with only small salary to pay 400 sar lavy / month, they haven't paid for the rent house, the child's tuition and electricity are also super high and etc. It's really sad 😭😢🙏

Hermoso!!!

US buissness are going to start moving to places like saudi arabia because of idiots like POTUS AOC

Wow, how wonderful to see people (left) crying out against MBS. We trust our leaders🇸🇦 and just imagine how your economy would be if there was no petrodollars 😉

Ask him again when the oil money runs out.

Soulless murderers eyes.

Actually if we take a look at achievements of vision 2030 would notice three basic axes: Vibrant society Thriving economic Ambitions homeland All of them got successful achievements 🇸🇦❤️🇸🇦

Income tax did not exist in the first place in the Kingdom and the Crown Prince confirmed that there are no plans to add it, and this shows the government's interest in its people.

Khashoggi blood on his hand. usa Biden betrayed his supporters by not taking tangible actions against him.

Saudi crown prince has no plans to buy sunglasses, although desperately needed.

the next miami...

Finally somewhere for republicans to go

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