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PPN = Pajak Pertambahan Nilai Iran 9% VAT = Value Added Tax (مالیات بر ارزش افزوده) Isle of Man 20% ? Israel [f] 17% [g] (0% in Eilat) 0% (fruits and vegetables, tourism services for foreign citizens, intellectual property, diamonds, flights and apartments renting) Ma'am = מס ערך מוסף, מע"מ Ivory Coast 18% ?
A Principal protected note (PPN) is an investment contract with a guaranteed rate of return of at least the amount invested, and a possible gain.. Although traditional fixed income investments such as guaranteed investment certificates (GICs) and bonds provide investment security with little or no risk of capital loss, they provide modest returns.