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Finance Ministry shelves VAT – Policy will be applicable starting from early 2020
November 30, 2016, 8:26 am

Ministry of Finance has postponed the implementation of value added tax (VAT) on consumable services to conduct further studies in that concern, especially as some members of the Economic Committee have voiced out the need to exempt some consumable items from the policy, reports Al-Shahed daily.

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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