Ministry of Finance Decree No. 333 For The year 2021 = وزارة المالية قرار رقم 333 لسنة 2021

Abstract

Article 1: The income tax due on the proceeds of holding treasury bonds, issued as of the date of enforcing the present decree, shall be deducted as per the Record Date system, via deducting the tax amount in full from the last bondholder on the day preceding the value date of the coupon amount. As for the treasury bonds issued before the date of enforcing the present decree, the income tax due on the proceeds thereof shall be deducted under the system of the Pro rata Temporis, as for the first coupon falling due after that date, provided that the tax due on the following coupons shall be deducted as per the Record Date system.