Скачать или смотреть VAT and Customs Duty Increases in Saudi Arabia: Implications for Investment Into the Kingdom

The old adage that nothing is certain except for death and taxes has, until recently, told only half the story in Saudi Arabia. As the world’s largest exporter of petroleum, Saudi Arabia has amassed such vast profits from the sale of oil that it has not had to supplement its income from the taxpayer. However, for Saudi Arabia’s citizens and corporations, it is hard to escape the feeling that the good times are coming to an end. The world is undergoing the biggest energy transformation since the industrial revolution, moving away from an economy which is almost entirely dependent on oil and gas. In addition, COVID-19 has decimated global demand for crude oil. The oil and gas industry is cyclical and reports of its demise are probably overstated. But this could be the biggest downturn of them all.

Learn more in this webinar discussion, jointly produced by Bracewell and BDO, featuring insights from Brian Conn (BDO), Andrej Kormuth (Bracewell), Mohammed Mahmoud Madbouly (BDO) and Tom Swarbrick (Bracewell).

Program Date: June 25, 2020