State firms to allocate 5% profits to government

The government approved regulations to allocate 5% of the profits of state-owned companies to the general treasury, with temporary exceptions for economic or social necessities. The measures include setting aside this percentage after covering losses and depositing its proceeds within four months of the end of the fiscal year. Additionally, 4% will be deducted from the profits of companies in which the state holds more than a 50% stake. The government also authorized temporary exceptions for certain companies based on a proposal from the Minister of Finance.

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