RegAlert

Rule · PMA · 23 Jan 2012

Circular No. 15: Tax on Deposit Interest

disclosure

The Palestine Monetary Authority issued Circular No. 15/2012 to mandate all banks operating in Palestine to notify customers of any tax deductions applied to their deposit interest income. This directive operationalizes Legislative Decree No. 8 of 2011 concerning Income Tax and fulfills regulatory transparency and disclosure obligations. Banks must proactively inform depositors of all interest-related withholdings to ensure full compliance and enhance public awareness.

PalestinePalestine Monetary Authority

Palestine Monetary Authority

Palestine Monetary Authority

Circular No. (15/2012)
To all banks operating in Palestine Date: Monday, January 23, 2012

Subject: Tax on Deposit Interest

Further to Circular No. (2011/192) dated 23/11/2011 regarding Legislative Decree No. (8) of 2011 concerning Income Tax, and in compliance with transparency and disclosure requirements and to raise awareness among depositors, all banks are requested to notify customers of any deductions made from their deposit interest income in accordance with the application of the law.

Public Relations and Market Discipline Department Palestine Monetary Authority

Ramallah - Al Bireh P.O.Box 452 - Tel.: 02-2409920 - Fax: 02-2409922 Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487 E-mail: info@pma.ps www.pma.ps

Ramallah - Al Bireh P.O. Box: 452 - Tel.: 02-2409920 - Fax: 02-2409922 Gaza - P.O. Box: 4026 - Tel.: 08-2825713 - Fax: 08-2844487

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RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Legislative Decree No. (8) of 2011concerning Income TaxNot in RegAlertLegislative Decree No. (8) of 2011 concerning Income Tax — Not in RegAlertCircular No. 15: Tax onDeposit Interest2012-01-23 · this documentCircular No. 15: Tax on Deposit Interest (2012-01-23)
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Issued under
  • Legislative Decree No. (8) of 2011 concerning Income TaxNot in RegAlert

    “regarding Legislative Decree No. (8) of 2011 concerning Income Tax”

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