Prime Minister’s Directive on Tax Reform Implementation and Committee Formation

In an effort to implement the objectives of the Federal Government in tax reform, the Prime Minister has officially approved the resolutions from the ninth meeting of the Supreme Committee for Monitoring the Implementation of Tax Reform. Among the most important decisions is what was outlined in Clause Two (Administration Section), which states:

“Extend the period of interest and penalty waivers for taxpayers (individuals and companies) as stipulated in the Cabinet Decision No. (24074) in (Income and Allowances Section -1), effective from 1 September 2024 to 31 December 2024.”