Heba Press – Economy
Nadia Fattah Al-Alawi, Minister of Economy and Finance, presented the outline of the new finance bill, which included a set of points that Heba Press will cover in detail in subsequent articles.
Among the points included in the new finance bill are the resources allocated to communities, as well as in application of the provisions of article 188 of regulatory law no. 111.14 relating to communities, implemented by the royal decree No. 1.15.83 of 20 Ramadan 1436 corresponding to July 7, 2015, they will be allocated to the authorities in the form of a fee for fiscal year 2025: 5% of corporate tax revenue.
Furthermore, in application of the provisions of article 188 of the aforementioned regulatory law no. 111.14, 5% of the income tax proceeds will also be allocated to the authorities for the 2025 financial year.
