New Fiscal Relaxation for Pharmaceutical, Upstream Oil & Gas and Tourism Sectors

New Fiscal Relaxation for Pharmaceutical, Upstream Oil & Gas and Tourism Sectors

Newsletter - New Fiscal Relaxation for Pharmaceutical, Upstream Oil & Gas and Tourism Sectors

DDTC Newsletter Vol.02 | No.04

06 September 2019

Total Downloads 1232

This edition reviews several fiscal incentives given to certain sectors, among others, the preliminary return of VAT overpayment for pharmaceutical wholesalers, medical devices distributors, and State-Owned enterprises subsidiary. Then, there is a fiscal facility for exploration and exploitation activities carried out by upstream oil and gas production sharing contracts. The provisions regarding VAT reimbursement of upstream oil and gas were also revised. Moreover, the government issued a Mof Regulation which allows mineral and coal contract holders to do bookkeeping in foreign languages. Lastly, there is also a relaxation of the rules of VAT refund for foreign tourists.

Inquiry Form

[]
1 Step 1
Nameyour full name
Questionmore details
0 / 300
Previous
Next
Newsletter - New Fiscal Relaxation for Pharmaceutical, Upstream Oil & Gas and Tourism Sectors

DDTC Newsletter Vol.02 | No.04

06 September 2019

Total Downloads 1232

This edition reviews several fiscal incentives given to certain sectors, among others, the preliminary return of VAT overpayment for pharmaceutical wholesalers, medical devices distributors, and State-Owned enterprises subsidiary. Then, there is a fiscal facility for exploration and exploitation activities carried out by upstream oil and gas production sharing contracts. The provisions regarding VAT reimbursement of upstream oil and gas were also revised. Moreover, the government issued a Mof Regulation which allows mineral and coal contract holders to do bookkeeping in foreign languages. Lastly, there is also a relaxation of the rules of VAT refund for foreign tourists.

Inquiry Form

[]
1 Step 1
Nameyour full name
Questionmore details
0 / 300
Previous
Next

We will send you all information about taxes, feel free to subscribe.