Iran Press/ Middle East: The Saudi Minister of Economy announced on Monday that due to countering the Coronavirus outbreak, as of the July 1s, the value-added tax will increase from 5 percent to 15 percent and subsidies are cut off.
Declaring their dissatisfaction with the austerity measures, Saudi citizens and activists warned about the occurrence of a serious catastrophe among a major part of people in the country.
The Saudi government announced last week that it would reduce the salaries of private-sector employees in Saudi Arabia by 40 percent to cope with the difficult conditions created by the Coronavirus outbreak and the intensification of the economic crisis in Saudi Arabia. 205/207
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