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Wednesday, January 03, 2018

Taxi Fares and Food Products Are Now Increasing in Saudi Arabia

For many decades, Overseas Filipino Workers (OFW) are enjoying tax-free living in Saudi Arabia. But this 2018 tax-free living comes to an end after 5% Value Added Tax (VAT) has been added to many products and services.     And even though OFW and other expatriate working in Saudi Arabia can enjoy tax-free remittances, OFWs are not spared on VAT imposition on food products, such as vegetables and fruits, dairy products. Electric bill is also increasing up to threefold while taxi fares are rising due to the implementation of VAT and hike in fuel prices.

For many decades, Overseas Filipino Workers (OFW) are enjoying tax-free living in Saudi Arabia. But this 2018 tax-free living comes to an end after 5% Value Added Tax (VAT) has been added to many products and services. 

And even though OFW and other expatriate working in Saudi Arabia can enjoy tax-free remittances, OFWs are not spared on VAT imposition on food products, such as vegetables and fruits, dairy products. Electric bill is also increasing up to threefold while taxi fares are rising due to the implementation of VAT and hike in fuel prices.
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According to Mohammed Al-Johani, deputy chairman of the Committee on Foodstuff at the Jeddah Chamber of Commerce and Industry (JCCI), 30%-40% increase is expected at the prices of fruits, vegetable, and dairy products.

Aside from this, there is also an increase in transportation fares, private school tuition fees, and school bus charges. This is the domino effect of VAT imposition and hike in fuel prices.

In Saudi Gazette News, Abdullah Al-Asmari, a taxi driver said that a trip coasting SR35 will now cost SR 45 or even SR 60.
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Careem smart application car company has already announced their new fare hike after new fuel prices that increased between 82.66% and 126.66%.”

It said that the entire transport sector in Saudi Arabia is affected by the new fuel prices.

Earlier the Council of Minister decided to implement the price hike of petroleum and fuel based-product such as kerosene and diesel.


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From SR 0.90 per liter, the Unleaded or Higher Grade Petrol is now SR 2.04 per liter with an increase of 127%. Meanwhile, the 83% is recorded in low-grade petroleum with new prices of SR 1.37 per liter.

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