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Saudi Arabia, UAE introduce VAT in a Gulf first

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Saudi Arabia compounded the New Year blow for motorists with a hike of up to 127 per cent in petrol prices.

Dubai

SAUDI ARABIA and the United Arab Emirates introduced value-added tax from Monday, a first for the Gulf which has long prided itself on its tax-free, cradle-to-grave welfare system.

Saudi Arabia compounded the New Year blow for motorists with an...

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