3 Days
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بوابة أخبار اليوم
Parliament approves profit tax law
The House of Representatives approved a bill that requires state-owned companies or those with a stake exceeding 50% to allocate a portion of their net profits to the general treasury, aiming to strengthen the country’s financial resources and address global economic challenges. The law stipulates that 5% of the companies’ net profits for the fiscal year be allocated, with the proceeds transferred within four months of the year's closure, except for companies approved by the Council of Ministers and within the framework of international commitments. This step comes as part of the government’s efforts to support financial stability amid economic tensions and global challenges.
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