Understanding Corporate Tax in Palestine: Essentials for Business Owners

29 July 2024
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In Palestine, businesses face a corporate income tax rate of 15%, with different rates for sectors like banking. The tax system includes VAT at 16%, and withholding taxes for payments to non-residents. Additional taxes include social security contributions and municipal taxes. Tax incentives are available to stimulate economic growth. Companies must comply with detailed filing requirements to avoid penalties, and seeking professional advice is recommended for navigating these complexities.

For more detailed information, you can read the full article here.

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