Saudi commerce minister says wronged citizens can redeem collected tax

03/01/2018 Argaam

 

Saudi Arabia will impose penalties for flouting rules under the new value-added tax (VAT) system, and repay taxes collected to citizens affected by violations, said Majid Al-Qasabi, Minister of Commerce and Investment.

 

Speaking in a televised interview, Al-Qasabi also emphasized that Saudi nationals play a key role in monitoring the market and reporting violations.

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