抖阴短视频

RIYADH: Saudi companies are promoting discounts on products in a bid to reduce financial pressure on customers following 抖阴短视频鈥檚 decision to triple the value added tax (VAT) from 5 to 15 percent, starting July 1.
The Kingdom announced the move on May 11 as part of new measures to mitigate the economic repercussions of the COVID-19 pandemic.
LuLu Group, the leading hypermarket chain in the Kingdom, told Arab News: 鈥淭his week we have the campaign 鈥榁AT on us, savings on you.鈥� We are bearing the 15 percent VAT for the customers.鈥�
The chain also issued a booklet with a list of products on discount.
鈥淲e are giving discounts on all products mentioned in the booklet to compensate customers,鈥� the company said.
Ahmad AR, CEO of Danube and BinDawood, said his stores would also maintain competitive prices for consumers.
鈥淔rom a grocery retail perspective, shopping will continue to remain a priority for all individuals and families. It is too early to offer a firm view or discuss the impact of purchasing habits of consumers,鈥� he said.
鈥淲hen it comes to discounts, our pricing strategy is always to maintain the most competitive prices at Danube. Customers trust our brand because the overall shopping experience we offer is unique across all verticals, including product offering,鈥� he added.
Shoppers in the Kingdom have welcomed the campaign.
Manal Mukhtar, an English teacher at a private school in Riyadh, told Arab News: 鈥淲e are already experiencing price increases without taking the VAT into consideration. Now we have this to worry about as well. I am grateful to all the companies that have offered to shoulder the additional costs while we get our bearings, but I hope the cost of living allowance will return now that lockdown is over. If the VAT is going to affect us that much, we are probably going to need it.鈥�
抖阴短视频 suspended the cost of living allowance last month.
Khalid Sultan, a university student in Riyadh, said: 鈥淲hile we can鈥檛 deny that it鈥檚 generous of the companies that have offered to shoulder the additional cost of the VAT themselves, it raises the question of how long it will last.鈥�
He added: 鈥淚f it鈥檚 only a month or so, all they鈥檙e doing is prolonging the inevitable. It鈥檚 an appreciated gesture, but it only presents a short-term solution.鈥�
Aljohara Alsubaie, an executive secretary, also welcomed the move, 鈥渆specially since the news broke that we would no longer be receiving a higher cost of living allowance with our salaries.鈥�
She hopes that larger companies will also follow suit, 鈥渆specially those that can obviously afford it.鈥�