Question

    To increase their revenue away from oil reserves, which

    of the following two countries introduces Valu Added Tax (VAT) for the first time?
    A Saudi Arabia and UAE Correct Answer Incorrect Answer
    B UAE and South Africa Correct Answer Incorrect Answer
    C Saudi Arabia and Iran Correct Answer Incorrect Answer
    D Iraq and UAE Correct Answer Incorrect Answer

    Solution

    Saudi Arabia and UAE became first countries of Gulf Cooperation Council to introduce VAT for the first time to increase their revenue away from oil reserves.

    Practice Next