MoF decision #652-1 dated 3 Sep. 2019 on the rescheduling of taxes instalment schedules
September 5, 2019MoF decision #652-1 dated 3 Sep. 2019 on the rescheduling of taxes instalment schedules
Dear All,
Please find attached the Ministry of Finance (MoF) decision #652/1 dated 3rd September 2019 related to application of the article 68 of the Budget Law 2019 (Law #144) on the rescheduling of the taxes instalment schedules due to the Tax Authorities but not settled by the taxpayers before the issuance date of this law. Provided that the taxpayer submits a request for rescheduling the tax payments and settles a first payment of 25% of the due taxes within 3 months from the issuance date of this law (before the 31st October 2019), the payment of the remaining taxes can be rescheduled for a maximum period of 3 years from the first payment with an annual interest rate of 12%. If one of the instalments is not paid, all instalments will be due with an interest of 15%.
We remain at your disposal should you need any further clarification on this subject.
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