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English news

19-Jul-2016

House of Representatives suggests 8% VAT on mobile services

The House of Representatives is suggesting the imposition of an 8% value-added tax (VAT) on mobile phone services, according to sources in the telecom industry. It is still not clear whether the 8% VAT would replace the current 15% sales tax or top it. If the latter scenario occurs, the consumer would bear a total tax rate of 23%. ADSL services, on the other hand, would be exempted from the VAT for a year starting the implementation date. (Al Mal)

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