Government revenue on VAT from banks, other financial institutions drops 26% in Q1
Government revenue from VAT, that comes from banks and other financial institutions declined (year-on-year) by 26.4 percent in the first quarter of 2018, according to the National Bureau of Statistics (NBS) report of the Sectorial distribution of VAT BusinessDay analysis of the VAT data from the NBS report shows that VAT revenues from the banks... View Article
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