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Prison Not Less Than Three Years For Not Issuing Tax Electronic Invoice

A statement issued by the Ministry of Finance confirmed that the ministry finalized a draft of unified tax procedures law . The Ministry of Finance’s statement pointed out that this law aims to facilitate procedures for linking the collection of various taxes (Corporate tax, VAT, stamp duty and the development of the state’s financial resources) in order to prevent multiple procedures and facilitate the tax compliance for tax payers.

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Financial Inclusion

Financial inclusion is where individuals and businesses have access to useful and affordable financial products and services that meet their needs that are delivered in a responsible and sustainable way. Financial inclusion is defined as the availability and equality of opportunities to access financial services.

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IFRS Updates

Business is continuously facing evolving markets and for the reasons of expanding more and more businesses. New standards are released, old ones are adapted and new interpretations made. This makes it crucial for organizations to be up-to-date on the latest developments.

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