Shura focus on VAT gains


By Mohammed Al Aáli 

THE government could gain up to BD490 million if the 10 per cent Value Added Tax (VAT) is fully implemented next year.

However, a conservative estimate of VAT revenues for 2022 remains at BD288m.

Shura Council financial and economic affairs committee chairman Khalid Al Maskati told the GDN that the conservative figure ensures the minimum budgetary commitment is met.

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