VAT

The measure is designed to ease financial pressures on families while encouraging family growth, stability and social cohesion

Parkin said the measure is aimed at ensuring “full compliance and transparency across all services” while aligning operations with the UAE’s broader regulatory framework

The new guide will replace the current Banking Tariff and introduce reductions and caps on customer fees across banking and payment services

The refund scheme is available through 1,442 authorised retail outlets across Saudi and applies to non-resident tourists aged 18 and above

New tax regimes in the GCC nations will unleash a new era of growth and economic resilience for the region