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May 15, 2026

Ministerial Decision No. 29 of 2008 establishes the Executive Bylaws, covering Articles 1 to 48. This legal framework outlines key tax administration principles. As detailed in Article 23, the Decision specifies tax assessment procedures for taxpayers ceasing a taxable activity. Tax is imposed on income up to the cessation date. The Decision clarifies that assigning an entity, or part of one, constitutes a cessation event. It further holds that both the assignor and assignee are jointly responsible for tax debts payable for the period up to the date of assignment.

Chapter 6 : Tax Assessment Methods and Procedures

Article 23

In case the taxpayer stops practicing taxable activity, the tax shall be imposed on income until the date of ceasing activity.

Assigning an entity or activity or part of them shall be considered as ceasing thereof. The taxpayer as an assignor or assignee shall be held as jointly responsible for the tax debt payable for the incorporated body from the beginning of the taxable period until the date of assignment.