Ministry of Finance Decree No. 249 of the Year 2023 Amending Certain Provisions of the Executive Regulations of the Value-added Tax Law = وزارة المالية قرار رقم 249 لسنة 2023 بتعديل بعض أحكام اللائحة التنفيذية لقانون الضريبة على القيمة المضافة

Abstract

Article 1: The text of the second paragraph of article-34 (bis) of the executive regulations of the Value-added Tax Law, referred to, shall be replaced with the following text: “In all circumstances, for the tax payment to be suspended, an undertaking certified by the bank as bearing valid signature, shall be given to the Authority or the Customs Authority, as the case may be, by the manufacturer in person or by his legal representative, to pay the tax amount to be suspended when falling due, and the additional tax”.