A. What should be taxed – Personal Income or Personal Consumption and why? Provide your
opinion based on the case. (200 words)
B. How may it affect the Saudi Economy if an income tax is imposed in KSA? (200 words)
Saudi Arabia’s Ministry of Human Resources recently announced an increase to the monthly minimum
wage from 3000 SAR to 4000 SAR for full-time Saudi workers in April 2021 and introduced a Labor
Reform Initiative (LRI) scheduled to take effect on 14 th March 2021.
A. Discuss the implications of the above topic.
B. Will this impact unemployment in the country? How?