Newsletters

Covid-19: Reduction of rent for business leases and home residences

Rent payment for business establishments, for which COVID-19 preventive measures have been taken, is exempted by 40% of the total rent due for March and April 2020. Stamp duty or VAT are recalculated accordingly. Partial rent payment does not give the right of lease contract termination or any other claim against the lease. The same […]

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Company decisions that require approval by the Chamber departments

The amendment of statutes of all limited companies. The dissolution of limited companies following a shareholders’ General Meeting decision. The revival of a liquidated company or deleted by the General Registry (GEMH) The revival of a limited company in a ‘liquidation and dissolution’ status. The changes of any kind in the structure of a limited

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Salary certificates

The beholden of submitting provisional tax statement from paid employment who have submitted monthly certificates with detailed records are exempt from submitting an annual salary certificate. On the contrary, certificates of income from businesses, interests and dividends must be submitted, despite the submission of monthly certificates during 2019.

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Tax treatment of untaxed goodwill reserves from sale and lease back of properties

In cases businesses change their legal form based on clauses of development laws and in the case of sub-leasing of a property that has been leased to a third party, then the issue of taxing the untaxed reserves earned from the sale and the lease back rises. The MoF has announced with a recent clarification

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