EXPORTERS TO Germany have been advised that the German Value Added Tax rate (VAT) will increase from 16% to 19% from January 1, 2007. The new VAT rate applies to all taxable transactions performed after December 31, 2006, according to Deloitte.
Trickle traffic through the Strait of Hormuz, hugging the Iranian coastline at Qeshm and the islands of Hormuz and Larak, has brought no significant change to the closed-off waterway.Source: Research Gate
