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Business and Finance

GTA Explains Work Mechanism of Digital Tax Stamp

20 Oct, 2022 07:00 AMAl Sharq NewspaperIntended Audience
Visitor: Business Owner
Citizen: Business Owner

News Details

The General Tax Authority (GTA) has explained the work mechanism of the Digital Tax Stamp. 

GTA also posted a demonstrative image of the Digital Tax Stamp via its official Twitter account and stated that it is a distinctive feature in the form of a physical label or digital code.

In addition, it pointed out that the Digital Tax Stamp contains encrypted digital data, placed on goods subject to excise tax and activated electronically.

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