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Hespress – WLLTuesday, November 22, 2022 – 05:18 AM

The State Treasury of the Kingdom reported that the tax revenues of the territorial communities within the first 10 months of this yr amounted to 29 billion dirhams, which is 8 p.c greater than in the identical interval of the earlier yr.

And the Kingdom’s State Treasury stated in its newest month-to-month bulletin on native finance statistics that the rise covers a 0.2 p.c discount in direct taxes and a 14.8 p.c improve in oblique taxes, noting that tax income accounted for 79.7 p.c of tax income. common earnings of native communities.

The identical supply added that cellular assets had stabilized at AED22.5 billion, up 10 p.c from the tip of October 2021.

As for the assets administered by the state on behalf of native communities, they decreased by 3.7 p.c; to six.78 billion dirhams.

Sources held by native governments additionally elevated by 12.5 p.c to greater than 7 billion dirhams.

Taxation of the state treasury of the territorial entities of the dominion

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