Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

"Certificate of Encashment of Foreign Currency”

<p>CEFC issued to the beneficiaries for the Remittances received from abroad and to be paid in Local Currency. Moreover, it is advised that there is no restriction from State Bank for issuance of “Certificate of Encashment of Foreign Currency” against these remittances. What tax benefits derived from such remittances.</p>

user-image
Question added by Rashid Mehmood FCCA , Finance Manager , Al Ghaith Industries
Date Posted: 2014/11/18
ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

Certificate of Encashment of Foreign Currency” is issued to the beneficiaries for the Remittances received from abroad . Moreover, it is advised that there is no restriction from State Bank for issuance of “Certificate of Encashment of Foreign Currency” against these remittances.

More Questions Like This