Introduction:

Executive Regulations of Income tax Decree No. 3 of 1955 amended by Law No. 2/2008 issued by Ministerial Resolution No. 29/2008 has stipulated preparing executive rules and instructions, issued by the Minister of Finance, or the person he delegates, which include the procedures governing the enforcement of Decree provisions and its Executive Regulations. The executive rules and instructions shall include provisions concerning the registration, issuance of the tax card, correspondence, submission of the declaration, approval of fiscal period, tax exemptions and all other procedures related to Tax Department. These executive rules and instructions are compulsory for all those subject to the income tax.

Furthermore, all government authorities, ministries, public bodies, establishments, and all companies, societies, individual proprietorship or any natural person, shall notify the Ministry of Finance's Tax Department when dealing with these foreign entities, and shall not deal with them except through the tax card issued by Ministry of Finance, so as to ensure the rights of the state treasury.