Regulatory Alerts2022-01-01
Circular No. 81 of 2022 Regarding the Implementation of the National Definition and Classification of Economic Enterprises
The Palestine Monetary Authority, citing Cabinet Decision No. (18/115) of 2021, mandates all lending institutions operating in Palestine to accurately report total and part-time sales volumes and employee counts via credit registry screens when granting credit facilities. This directive enforces the national classification of economic enterprises into five tiers—micro, very small, small, medium, and large—based strictly on employee headcount and annual turnover thresholds ranging from USD 100,000 to over USD 2,000,000. The Ministry of National Economy is further tasked with coordinating financial and capital market authorities to develop supportive policies aligned with this standardized enterprise classification framework.
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