|11 December, 2019

Saudi Minister of Finance says no more taxes, fees in 2020

The minister's remarks came on Tuesday during his participation at the 2020 Budget Forum

Mohammed al-Jadaan, Saudi Minister of Finance, and Amin H. Nasser, President and CEO of Aramco, arrive at the official ceremony marking the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019.

Mohammed al-Jadaan, Saudi Minister of Finance, and Amin H. Nasser, President and CEO of Aramco, arrive at the official ceremony marking the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019.

REUTERS/Ahmed Yosri

Riyadh – Mubasher: The Saudi government will not introduce new tax or additional duties during 2020, according to the Saudi Minister of Finance, Mohammed Al Jadaan.

The minister's remarks came on Tuesday during his participation at the 2020 Budget Forum, which is organized by the Saudi Ministry of Finance.

Al Jadaan stressed that the Kingdom will not consider any additional tax before examining their respective social and economic effects on businesses, the economy's competitiveness, as well as the impact on exports and imports.

Source: Mubasher

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