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PADICO begins its registration procedures in Palestine

2009-09-16

Ramallah Al- Ayyam : PADICO announced that it had applied to National Economy Ministry the day before yesterday,  a request to register the company as a working foreign company in Palestine. The council of ministers approved in its meeting held on 7/9/2009 the adjustments in  the income tax law Act No. 17 of 2004, including the adjustment on the article which requires foreign companies that are registered in Palestine  to pay the income tax on the profit of  their activities outside of Palestine , and transmit the adjustment to president Abbas to be  approved  and issued in a law, which  has opened the door of registration procedures for many foreign companies operating in Palestine , including PADICO .