Finance Min.: Income tax Amendment Aims to Ease  Burden on Citizens, Stimulate Investment

Dr. Mohamed Maait, Minister of Finance, confirmed that the amendments to the "income tax" law, which was approved by the Council of Ministers and referred to the House of Representatives,  aim  at relieving citizens and stimulating investment.

The minister added that amendments came in light of the crises that have taken place in the global economy starting from the repercussions of the Corona pandemic. , and the ensuing disruption in supply and supply chains, increased freight costs, high inflation rates, and even the unprecedented economic challenges of the Russian and Ukrainian crises.

The minister explained that these amendments include raising the personal tax exemption limit from 9,000 pounds to 15,000 pounds, bringing the total tax exemption limit to 30,000 pounds annually.