Saudi Arabia's Tax Free Advantage

Published: 01 January 1970
on channel: Brainhack AI
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Saudi Arabia stands out in the Middle East for its unique tax policies, notably the absence of individual income tax, funded instead by substantial oil revenues. This approach enhances residents' purchasing power and attracts foreign investment, aligning with the Kingdom's Vision 2030 initiative to diversify its economy. The introduction of VAT and corporate taxes supports revenue generation while fostering economic growth and infrastructure development.

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