Article 43 - Charging Tax based on Profit Margin

Article (43) - Charging Tax based on Profit Margin

1. The Registrant may, in any Tax Period, calculate and charge Tax based on the profit margin earned on the Taxable Supplies as specified in the Executive Regulation of this Decree-Law and not based on the value of these supplies, and shall notify the Authority of the same. 2. The Executive Regulation of this Decree-Law shall specify the conditions to be met for the application of the provisions of this Article.