2 Days
Source:
عين ليبيا
Officer Seeks Refund of Foreign Currency Tax
The statements issued by an economic expert highlighted that the decision to impose a tax on foreign currency sales in Libya is invalid, as it was enacted by someone who is not legally authorized to do so. Only the legislative authority has the power to draft tax laws. The expert also confirmed that implementing the correspondence calling for a halt to upward adjustments in the exchange rate starting January 2024 is practically impossible. Responsibility lies with the Governor of the Central Bank of Libya and the Speaker of the House of Representatives for failing to enforce the tax decision and for remaining silent on the matter. Additionally, he pointed out that all amounts collected from taxes before and after this date should be reclaimed, and that an investigation and legal accountability should be initiated against those responsible for issuing an unlawful decision.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)