Monday, July 4, 2016

MoF’s decree targets those with no designated workplace.

The Ministry of Finance (MoF) has issued a decree to better track residents and non-residents for tax purposes. It mainly targets those with no designated workplace in the country.

The decree requires taxpayers who buy services or assets from residents who are not registered at the MoF to inform the Ministry of their names and addresses on a quarterly basis.

Non-residents who do not have a designated workplace in the country and who make profits or revenues that are not generated...

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