The House of Representatives approved, in principle, amendments to the value-added tax law during a plenary session on Tuesday. The head of the Planning and Budget Committee Fakhri al-Fiqi explained that the amendment comes in view of the practical problems resulting from the implementation of the Value Added Tax Law promulgated by Law No. It also comes in issuance of the Unified Tax Procedures Law by Law No. 206 of 2020, he said, which repealed a number of provisions stipulated in the Value Added Tax Law and conflicted with some provisions contained in the two laws. The Finance Ministry decided to prepare two draft laws to amend some provisions of the aforementioned value-added tax law.
