Article 52 outlines the procedural mandate for the Board of Directors to establish the necessary implementing framework for the Value Added Tax Law. It stipulates that the Board must issue the implementing Regulations within a strict thirty-day period following the issuance of the Law. These Regulations are mandated to become effective immediately upon their enactment. Furthermore, this Article grants the Board the authority and responsibility to issue any additional decisions and instructions required to ensure the effective and comprehensive implementation of the provisions contained within both the primary Law and its subsequent Regulations.
Chapter 18 - Final Provisions
Article 52
The Board of Directors shall issue the Regulations within thirty days from the date of issuance of the Law and they shall come into effect from the date of its enactment. It shall also issue the decisions and instructions necessary to implement the provisions of the Law and the Regulations.
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