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NEW NEWS
November 23, 2022 | 2 months ago
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In the wake of these amendments, a new version of
Article 7 was adopted, which provides for the exemption of fisheries and
aquaculture cooperatives and approved federations from the IBS (Corporate Tax).
This exemption also includes interest earned on
deposits in Islamic finance-type investment accounts from 1 January 2023 for a
period of five years, according to amendments approved by MPs.
In addition, natural persons with a turnover of
less than 5 million Da/year will be eligible for the Self-Entrepreneur Law,
according to this law.
Article 65 of the Finance Bill was amended by
authorizing the clearance of production lines and equipment less than five
years old and agricultural equipment and equipment less than seven years old.
Other new articles have been adopted, such as
Article 44a amending Article 74 of the tax procedures stipulating the reduction
of the amount paid from 30 to 20 % of taxes, subject to dispute at the
competent tax revenue in order to facilitate and confer more flexibility in the
resolution of tax disputes and strengthen the revenue, according to the NPA's
Finance and Budget Committee.
MPs also voted in favour of the amendment to
Article 20 stipulating the exemption of certain vehicles from value added tax
(VAT), by defining the cylinder volume of all-terrain vehicles (4*4) by 1,800
cm3 (instead of 2,500 cm3).
Thus, NPA members voted on a proposal to
increase the right of movement on alcoholic beverages provided for in Article
02 of the Indirect Tax Code.
MPs also amended Article 56 on the recovery by
the relevant departments of the Ministry of National Defense of light
all-terrain vehicles, motorcycles and energy production equipment seized in the
context of the fight against terrorism and smuggling and finally acquired by
the State Treasury for a concession without compensation.
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