“Finance”: 441 billion pounds in tax exemptions during the past fiscal year

alborsaanews.com

“Finance”: 441 billion pounds in tax exemptions during the past fiscal year

The Ministry of Finance estimated the tax loss from tax exemptions at 441 billion pounds over the past fiscal year, representing 4.39% of GDP, including 267.65 billion pounds representing all value-added exemptions. The proceeds include 251 billion pounds when all exemptions are cancelled and a revenue of 16.2 billion pounds if the tax is unified at 14%. But the amount of kidney loss is declining [...]