On 17th November 2022, the State Administration Council Law No. 48/2022 was issued to amend the Union Tax Law 2022 (“UTL”) in relation to the exemption of the Commercial Tax (“CT”) and Specific Goods Tax (“SGT”) for battery electric vehicles (“BEV”) and prescribe the Corporate Income Tax (“CIT”) rate for association of persons (“AOP”) which… Read More
On 31st October 2022, the Ministry of Commerce (“MOC”) issued the Newsletter No. 10/2022 in relation to settlement of payments for cross-border trading in order to strengthen compliance with the report of the Financial Action Task Force (“FATF”) effective from 1st November 2022. All payments received in a foreign currency from a cross-border trade or… Read More