Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

A Court in Gaza imposes Tax Penalties on Major Palestinian Banks

2011-11-17

Palestinian bankers warn against a Gaza court verdict to impose a $100 million tax on Bank of Palestine as a tax payable since 2005 until last year. The verdict included preventing the eleven Board of Directors from leaving the Gaza Strip, until a final a decision in the case has been reached.

It referred to the tax value balance of $99.7 million that is supposed to be paid by the bank in addition to fifty million Israeli Shekels, as for what the court considered VAT charges and delay penalties resulting from the failure to pay over the past five years.

The Court has taken the same actions against Palestine Islamic Bank, by ruling the payment of a sum of money and prevented the travel of its board of directors.

Bankers described this decision as arbitrary and illegal, warning the severity of its repercussions that may be up to the closure of banks in the Gaza Strip or a minimum of work stoppage for several days.

 

 

 

 

 

 


 

2018-01-18
launching 3G mobile networks in the west bank by the end of January

2018-01-11
Relative quietness in the PEX with the increasing anticipation for the annual disclosures

2018-01-08
WATANIYA discusses raising its paid-up capital to $293 million

2018-01-04
The PEX opens the year 2018 in optimism

2018-01-03
The PEX modifies AL-Quds Index composition for the year 2018

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013