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Decision No. 44 of 2024 Concerning an Approval of Ruling in the Decision No. 15 of 2024 on Imposing a Tax on the Official Exchange Rate

Published on

Decision No. 44 of 2024 approves exemptions from tax on the official exchange rate for cancer patients and students abroad, effective July 2024.

President of the House of Representatives,

After reviewing:

  • The Interim Constitutional Declaration issued on 3 August 2011 and its amendments.
  • Law No. 10 of 2014 on the Election of the House of Representatives in the Transitional Phase.
  • Law No. 4 of 2014 on the Adoption of the Internal Regulations of the House of Representatives.
  • The State Financial Law, Budget, Accounts and Warehouses Regulation, and its amendments.
  • Law No. 15 of 1986 on Public Debt on the Treasury.
  • Law No. 1 of 2005 on Banks and its amendments.
  • Law No. 7 of 2010 on Income Taxes and its amendments.
  • Law No. 10 of 2010 on Customs.
  • Law No. 23 of 2010 on Commercial Activities, its amendments, and its executive regulations.
  • Law No. 30 of 2023 on Establishing a General Reserve for Public Debt Repayment.
  • Decision No. 15 of 2024 by the Speaker of the House of Representatives on Imposing a Tax on the Official Exchange Rate.

The following decision was issued:

Article 1

The following are exempt from the provisions of Decision No. 15 of 2024 by the Speaker of the House of Representatives on Imposing a Tax on the Official Exchange Rate:

  • Cancer patients.
  • Students studying abroad.

Article 2

The provisions of this decision shall come into effect from the date of its issuance, and any conflicting provisions shall be annulled. All concerned parties shall implement this decision, which shall be published in the Official Gazette.

  • President of the House of Representatives
  • Aqila Saleh Issa
  • Issued on: 10/07/2024