Tuesday, October 10, 2017

Parliament ratifies the tax law for the second time. VAT increased again to 11 percent


Parliament has approved the tax law that aims to finance a pay rise for public servants for the second time. The law was previously revoked by the Constitutional Council and was returned to Parliament.

The lawmakers again raised Value Added Tax (VAT) to 11 percent from ten percent, as they did in the previous ratification.

The approved taxes include new fees on imported alcoholic drinks, phone bills, tobacco, real estate contracts, and the lottery. The MPs also approved the impos...

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