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December 9 2024

رئيس الوزراء يسلم عقود المصانع للمستثمرين بالمرحلة الأولى بالمدينة المخصصة لدباغة الجلود

عقب انتهاء فعاليات مؤتمر الطرح الأول للمصانع الجاهزة بمدينة الجلود بالروبيكي، توجه الدكتور مصطفى مدبولي، رئيس مجلس الوزراء، يرافقه الفريق مهندس كامل الوزير، نائب رئيس مجلس الوزراء للتنمية الصناعية، وزير الصناعة والنقل؛ لتفقد المرحلة الثالثة التي يشملها الطرح الجديد. وتقام هذه المرحلة على مساحة 111 فدانا مكتملة المرافق والطرق؛ حيث تفقد رئيس الوزراء عددا من […]

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March 30 2024

Tax incentives for informal economy projects throughout the temporary license period

Law No. 152 of 2020 promulgating the Law for the Development of Medium, Small and Micro Enterprises specifies the tax due on informal economy projects whose business volume reaches one million pounds and does not exceed ten million pounds during the validity period of the temporary license according to the following principles: It is worth […]

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March 30 2024

Cases that require annulment of the settlement by the Restructuring Law.. Know them

The Law Regulating Restructuring, Protective Composition, and Bankruptcy grants the court the right, upon the request of every creditor to whom the terms of the composition apply, to decide to annul the composition if the debtor fails to implement the terms of the composition as agreed upon, and if the debtor acts after ratifying the […]

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March 28 2024

In dollars.. The government: allocating plots of land in 11 cities to foreign companies

The Council of Ministers announced the approval of the Board of Directors of the New Urban Communities Authority, in its 186th and 187th sessions, held on February 11 and 19, 2024, of requests to allocate some plots of land to a number of companies, using the system of selling in US dollars from outside the […]

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March 28 2024

Tax Procedures Law.. Data that must be included in the electronic invoice

Law No. 206 of 2020, promulgating the Unified Tax Procedures Law, requires every financier, taxpayer, and others required by the law to issue a tax invoice or professional receipt for those who practice a self-employed profession when selling a good or performing a service, as the case may be. The law stipulates that the invoice […]

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March 28 2024

Learn about tax registration procedures.. The law explains

The Unified Tax Procedures Law, promulgated by Law No. 206 of 2020, specifies tax registration procedures, as Article 25 of the law stipulates that every taxpayer or taxpayer must submit to the competent tax office an application for registration within thirty days from the date of starting the activity or from the date of submission. […]

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March 28 2024

Waiver of the public store license. Find out the details in the law

The Public Stores Law promulgated by Law No. 154 of 2019 permitted the waiver of a public store license, and this is what was explained in detail in the executive regulations of the law. The executive regulations stipulate that the concerned parties must submit the application to the competent center on the form prepared for […]

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March 14 2024

Allocating 30% of the lands of industrial zones to small projects.. Details

The executive regulations of the Micro, Small and Medium Enterprises Development Law stipulate, in Article (2) of Chapter One “Procedures for Allocation of Real Estate” of Chapter Two “Facilitating Procedures for Initiating Transactions,” that the authorities having jurisdiction over vacant lands in industrial and tourist areas and urban communities must commit to Agricultural reclamation lands […]

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March 14 2024

Raising the exemption limit from 40,000 to 60,000 pounds.. “Representatives” approve amendments to the “income tax”

During the plenary session, today, Monday, the House of Representatives finally approved a draft law amending some provisions of the Income Tax Law, by raising the tax exemption limit to 60,000 pounds instead of 40,000 pounds, and implementing it from the first of next March. During the session, Dr. Fakhri Al-Feki, Chairman of the Plan […]

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March 14 2024

Minister of Finance: A supplementary agreement for the protocol to avoid double taxation and prevent evasion with the UAE

We are keen to enhance economic and investment cooperation opportunities in light of the growing bilateral relations between the two brotherly countries Dr. Mohamed Maait, Minister of Finance, confirmed that the supplementary agreement for the Protocol to Avoid Double Taxation and Prevent Evasion of Income Tax, which was signed with the Emirati side on the […]

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