In pictures: Gold rush in Saudi Arabia to beat VAT deadline

Photos

Login / Sign Up

Wednesday, October 21, 2020

Gold / Forex

Photos Business

In pictures: Gold rush in Saudi Arabia to beat VAT deadline

Residents in Saudi Arabia rush to buy gold, cars before VAT kicks in from July 1st

Published: June 30, 2020 19:03 Nilanjana Javed, Digital Content Editor

1 of 10

Saudi gold rush — Saudis shop at a jewellery shop in the Tiba gold market in the capital Riyadh, after authorities announced a 10% increase in the VAT rate, to reach 15%, starting from first of July. Image Credit: AFP

2 of 10

3 of 10

4 of 10

5 of 10

6 of 10

7 of 10

8 of 10

Saudi women — Customers shopping for gold in a jewellery shop in of Riyadh. Image Credit: AFP

9 of 10

Saudi car rush — A general view of the car market as people gather to buy vehicles before the expected increase of VAT to 15% in Riyadh. Image Credit: Reuters

10 of 10

Saudi Car market — The tax deadline has boosted purchases for some big ticket retail items, including jewelry, cars which will cost people more from Wednesday. Image Credit: Reuters

This website stores cookies on your computer. These cookies are used to improve your experience and provide more personalized service to you. Both on your website and other media. To find out more about the cookies and data we use, please check out our Privacy Policy.

In pictures: Gold rush in Saudi Arabia to beat VAT deadline

Photos

Photos Business

In pictures: Gold rush in Saudi Arabia to beat VAT deadline

Latest In

Messi breaks new record in Barca Champions League win

COVID-19: Cathay Pacific to cut 5,900 jobs, end Dragon

Nasa probe Osiris-Rex 'kisses' asteroid Bennu

Nigeria security forces 'kill' protesters over curfew

Mixed results for arthritis drug used to treat COVID-19

Photos Business

Trending