Following the uproar surrounding the exceptional taxes related to the “Sayrafa” platform, the Ministry of Finance issued a clarifying statement regarding the subjection of profits resulting from “Sayrafa” operations to an additional exceptional tax, while specifying the legal procedures and deadlines for declaration and payment.
The ministry stated that the Public Budget Law for the year 2024 stipulates that the profits of individuals and companies resulting from “Sayrafa”, which exceed 15 thousand US dollars, are subject to an additional exceptional tax of 17%.
It also pointed out that the Constitutional Council had invalidated part of this article, by deleting the sentence that considered this tax as deductible expenses.
In a related context, a source in the Ministry of Finance explained to “Red TV” that “this article means that everyone who has carried out operations through the platform above 15 thousand dollars will be obligated to declare their profits in these operations and pay the tax due.”
In the event that individuals do not keep records documenting their operations, the source indicated that “the only entity that possesses this data is the banks, which makes referring to account statements the only way to determine the size and value of operations.”
The source confirmed that in the event of non-payment of the tax due, the person will be prosecuted later according to the law.
