Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Decision to raise the Valued Added Tax rate to 16%

2013-06-02

The decision to raise the value added tax rate by 1% to reach 16% started to be effective from June 01, 2013.
The VAT rate was amended twice since 9 months. The first was an increase from 14.5% to 15%, while the second was last week.  
By this, the Palestinian government is committed to the maximum limit allowed to the VAT’s difference portion between Israel and the Palestinian Territories according to Paris Protocol.
Based on this decision; the new amended rate has been updated among brokerage firms with its impact on the total commission on trading in Palestine Stock Exchange by applicable law. Thus, the percentage of the commission payable on any sale or purchase has increased by 0.82% from 0.8205% to 0.8272%
.
The table below illustrates the changes on trading commissions since last September for the benefit of all parties taking into consideration its subjection to VAT by law:

 

Item

 

Base Rate

 

VAT (14.50%)

 

VAT (15%)

 

VAT (16%)

 

Change

 

Brokerage Company  (Valued Added Taxed)

 

0.0047

 

0.0053815

 

0.005405

 

0.005452

 

0.87%

 

Palestine Securities Exchange  (Valued Added Taxed)

 

0.002

 

0.00229

 

0.0023

 

0.00232

 

0.87%

 

Palestine Capital Market Authority PCMA ( Exempted from Valued Added Tax)

 

0.0005

 

0.0005

 

0.0005

 

0.0005

 

0.00%

 

Total

 

0.0072

 

0.0081715

 

0.008205

 

0.008272

 

0.82%

 

Total %

 

0.7200%

 

0.81715%

 

0.82050%

 

0.82720%

 

0.82%

 

 


 

2020-02-19
JPH proposes distributing 10% cash dividends for the year 2019

2020-02-17
MIC reports net income of $1.56 million in 2019

2020-02-17
OOREDOO posts net income of $1.12 million in 2019

2020-02-17
GUI reports net income of $1.57 million in 2019

2020-02-17
BPC posts net income of $9.52 million in 2019

2020-02-17
PID realizes net loss of JD0.28 million in 2019

2020-02-17
JPH posts net income of $5.01 million in 2019

2020-02-17
AIG posts net income of $1.21 million in 2019

2020-02-17
JCC records net income of JD0.14 million in 2019

2020-02-16
ISBK posts net income of $14.52 million in 2019

2020-02-16
TIC posts net income of $2.10 million in 2019

2020-02-16
ELECTRODE records net income of JD0.007 million in 2019

2020-02-16
RSR posts net income of JD0.31 million in 2019

2020-02-16
NCI reports net income of $0.29 million in 2019

2020-02-16
PRICO realizes net loss of JD4.60 million in 2019

2020-02-16
WASSEL posts net income of $0.26 million in 2019

2020-02-16
AHC realizes net loss of JD1.25 million in 2019

2020-02-16
PEC reports net income of $12.45 million in 2019

2020-02-16
LADAEN realizes net loss of JD0.06 million in 2019

2020-02-16
PICO posts net income of $0.48 million in 2019

2020-02-16
JREI realizes net loss of $0.28 million in 2019

2020-02-16
NSC posts net income of JD0.59 million in 2019

2020-02-16
PIIC records net income of JD6.14 million in 2019

2020-02-16
PALTEL posts net income of JD63.97 million in 2019

2020-02-16
BOP records net income of $38.94 million in 2019

2020-02-16
TNB posts net income of $18.12 million in 2019

2020-02-16
NIC records net income of $7.17 million in 2019

2020-02-16
PIBC reports net income of $4.52 million in 2019

2020-02-16
AIB records net income of $9.01 million in 2019

2020-02-16
PADICO posts net income of $25.13 million in 2019

2020-02-16
TRUST posts net income of $4.01 million in 2019

2020-02-16
QUDS posts net income of $11.22 million in 2019

2020-02-13
Al-Quds Index at a new psychological barrier that has abandoned since August 2019

2020-02-13
UCI posts net income of $0.86 million at the end of 2019

2020-02-13
GMC reports net income of JD0.82 million at the end of 2019

2020-02-13
AZIZA posts net income of JD3.94 million at the end of 2019

2020-02-12
ABRAJ records net income of $1.46 million at the end of 2019

2020-02-12
BJP posts net income of JD1.37 million at the end of 2019

2020-02-12
VOIC posts net income of JD6.70 million at the end of 2019

2020-02-11
NIC proposes distributing 22.5% cash dividends for the year 2019

2020-02-09
GUI proposes distributing 10% cash dividends for the year 2019

2020-02-06
Al-Quds Index at its highest level since the beginning of the year

2020-02-06
PSE posts net income of $0.60 million at the end of 2019

2020-02-04
BPC proposes distributing 22% cash dividends for the year 2019

2020-02-03
APC records net income of JD0.85 million at the end of 2019

2020-02-03
APC recommends distributing 40% cash dividends for the year 2019

2020-02-03
PALTEL proposes distributing 40% cash dividends for the year 2019

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013