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Actual start of the tax amendments

2014-03-18

The Palestinian Minister of Finance; Dr. Shukri Bishara revealed a trend to reduce taxes, noting that some of these decisions have been taken recently. Bishara said: “part of the procedures had been implemented and other steps and decisions had been taken. We are seriously thinking of reducing taxes especially the corporate income taxes from 20% to 15%; the tax percentage that was effective earlier in 2011. However, the decision was taken, but the timing is not yet determined. We have taken the decision with deliberation, whereby, will be implemented by the end of the current year after ensuring that the corrective actions have been taken”.  Bishara cleared out during a meeting that aimed to present “ the general revenues strategies of the years 2014-2016” that the decisions included reducing the income taxes on microfinance programs from 20% to 10%, eliminating the 5% taxes on interest on individuals deposits in banks, eliminating the income tax on capital gains, in addition to adopting 10% taxes on bonds and stocks dividends distributions deducted from the source along with modifying the investment promotion law. 

 


 

2017-11-16
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Bank of Palestine opens a representative office in Chile

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The PEX records average PE ratio of 12.2x in 9M 2017

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GUI posts net income of $0.80 million in 9M 2017

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AIG reports net income of $1.21 million in 9M 2017

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A decline in Al-Quds Index with the end of the disclosures’ legal period

2017-11-01
RSR records net income of JD0.43 million in 9M 2017

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NSC posts net income of JD0.24 million in 9M 2017

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TIC records net income of $1.79 million in 9M 2017

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PICO reports net income of $2.16 million in 9M 2017

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PRICO realizes net loss of JD3.97 million in 9M 2017

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TRUST reports net income of $3.40 million in 9M 2017

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MIC posts income of $1.01 million in 9M 2017

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PADICO posts net income of $11.95 million in 9M 2017

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BOP records net income of $38.54 million in 9M 2017

2017-11-01
WASSEL records net income of $0.02 million in 9M 2017

2017-11-01
AIB reports net income of $5.83 million in 9M 2017

2017-11-01
NIC posts net income of $4.04 million in 9M 2017

2017-11-01
JPH reports net income of $1.91 million in 9M 2017

2017-11-01
JREI realizes net loss of $0.22 million in 9M 2017

2017-11-01
AHC realizes net loss of JD1.10 million in 9M 2017

2017-11-01
ELECTRODE posts net income of JD0.05 million in 9M 2017

2017-11-01
PID posts net income of JD 0.01 million in 9M 2017

 

 

 
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