21 Hrs
Source:
عين ليبيا
Supervision finds flaw in letter of credit rules
The Administrative Oversight Committee convened its meeting to monitor the organization of documentary credit procedures and protect the national economy in Libya. The meeting discussed issues related to the misuse of credits and its impact on the exchange rate, as well as the weak tax collection from import activities, which did not exceed 3 billion dinars, and highlighted the presence of unregistered or non-compliant companies in terms of tax payments. The committee decided on measures including registering unregistered companies, standardizing data electronically with the Central Bank of Libya, Customs, and Tax Authorities, and coordinating with relevant agencies to control prices, especially in the food and pharmaceutical sectors. The goal is to reduce corruption, enhance oversight of import activities, and improve tax collection.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)