Implementation of VAT postponed
Wednesday, November 30, 2016
Ministry of Finance has postponed the implementation of value added tax (VAT) on consumable services to conduct further studies in that concern, local Arabic daily reported. Some members of the Economic Committee have voiced out the need to exempt some consumable items from the policy, daily added.
The daily quoting the ministry has specified categories to be included on the list of items the policy will be applicable starting from early 2020
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