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NBR releases Public Clarification on Proportional Deduction Ratio for Input VAT

This clarification sets out the position of the National Bureau for Revenue (NBR) on how financial institutions should calculate their income on margin transactions for the purposes of determining their proportional deduction ratio for input VAT under Article 59 of the Executive Regulations of the VAT Law issued by Decree-Law No. 48 of the year 2018.

Source gccgintax

Communication NBR