NGO

NGO

NGO or relegious or other entities who will work in favor of youths especially by creating structures and social programms and an amount of investment has to be raised, and projects that exceed more than 10,000 euro, should be exempt from Vat. The formula being that a detailed project report will be submitted and on presentation of all invoices, the project will be refunded on a monthly basis Teheran vat that would have been incurred. This will help the project to keep a good cash flow and would

Points

Because it is a Social policy and helps others who are voluntary working for persons who are in special needs.

Not need to cater for a large sum of funds to pay the VAT. For transparency sake Vat officials will be sent on the project at random to make checks on the materials that would have been claimed for vat.

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