GTL Summary:

Article 52 outlines the procedural mandate for the Board of Directors to establish the necessary implementing framework for the Value Added Tax Law. It stipulates that the Board must issue the implementing Regulations within a strict thirty-day period following the issuance of the Law. These Regulations are mandated to become effective immediately upon their enactment. Furthermore, this Article grants the Board the authority and responsibility to issue any additional decisions and instructions required to ensure the effective and comprehensive implementation of the provisions contained within both the primary Law and its subsequent Regulations.