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Title:House of Representatives Corresponds with the Central Bank Governor and His Deputy Regarding the Adoption of the Decision Regulating the Production and Consumption Tax and Fees Effective

Our source exclusively obtained a correspondence from the House of Representatives addressed to the Governor of the Central Bank and his Deputy, informing them that the House has approved the decision regulating the production and consumption tax and fees on certain goods, capital assets, and foreign currency sales, to come into effect as of January 18.

This includes taking the necessary measures to collect the tax and fees into a unified account at the Central Bank upon opening and settling the value of letters of credit when their documents are traded and when foreign currencies are sold. The decision also applies to import operations conducted outside the banking system.

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