The Ministry of Finance announced that it is continuing a project to study service fee structures in all ministries and federal entities
The Ministry of Finance announced that it is continuing a project to study service fee structures in all ministries and federal entities, with the aim of contributing to stimulating the business environment, strengthening the economy, and supporting the country's position as an attractive location for foreign direct investment.
The move aims to achieve balance and harmony between financial policies at the state level, consolidate the financial sustainability of the federal government in accordance with the best international practices, and make it a pivotal player in supporting business growth at the local and international levels, and a regional headquarters for many foreign capital and companies.
The study also aims to review the fee structures for services provided by ministries and federal agencies and related to commercial, regulatory and other activities, in light of the federal government’s introduction of a business profit tax and with the aim of reducing the financial burdens on the business community in the country, as the ministry seeks to reduce federal government services fees Gradually, in a way that stimulates the business environment and enhances the local economy.
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