Finance Ministry proposes 50% cuts in various fees and charges

To assist individuals and businesses, the Ministry of Finance (MoF) has proposed reducing by 10% to 50 % of fees and charges in the securities sector, appraisal of international travel business licenses, issuance of citizen identification cards, and so on. The reductions would be in effect till 31 December 2023.

MoF collects data serving reduction of 35 kinds of fees, charges

The Ministry of Finance (MoF) has sent a document to ministries, ministerial-level agencies and Government agencies asking for their coordination in the drafting of a circular on reducing fees and charges to ease difficulties for people and businesses.

Government agrees with MoF’s proposal on 2% VAT reduction for 2023

The Government has agreed with the Ministry of Finance (MoF)’s proposal on a plan to reduce taxes, fees and charges for 2023, which suggested a 2% reduction in the value added tax (VAT) on goods and services subject to a 10% VAT.
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