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Riyadh - Saudi Arabia is ranked seventh in the world for the lowest tax rates, according to research by PricewaterhouseCoopers, the World Bank and the International Finance Corporation.
Commenting on the GCC's performance, the report said: "It is encouraging to see the Middle East achieve these results, and clearly highlights the attractive tax regimes that are currently in place in many jurisdictions in the region, "Al-Riyadh" newspaper quoted.
According to the report, among GCC states, Qatar ranked second in the world as a tax leader, followed by the UAE in fourth; Saudi Arabia seventh; Oman eighth; Kuwait 11th and Bahrain stood 13th.
Riyadh - Saudi Arabia is ranked seventh in the world for the lowest tax rates, according to research by PricewaterhouseCoopers, the World Bank and the International Finance Corporation.
Commenting on the GCC's performance, the report said: "It is encouraging to see the Middle East achieve these results, and clearly highlights the attractive tax regimes that are currently in place in many jurisdictions in the region, "Al-Riyadh" newspaper quoted.
According to the report, among GCC states, Qatar ranked second in the world as a tax leader, followed by the UAE in fourth; Saudi Arabia seventh; Oman eighth; Kuwait 11th and Bahrain stood 13th.
Last Modified Date: 10/02/2013 - 4:10 PM Saudi Arabia Time