Issued by the Board of Directors of the Zakat, Tax and Customs Authority, this Decision, referenced as Circular No. 01-06-24, amends Paragraph 5 of Article 60 of the Implementing Regulations of the Value Added Tax Law. The primary purpose is to modify the rules governing the maximum duration for tax payment installment plans. It removes the previous rigid twelve-month limit on such arrangements. This amendment grants the Board of Directors the authority to extend payment periods beyond twelve months. This extension is contingent on specific criteria to be issued via a separate resolution, providing greater flexibility for taxpayers demonstrating hardship.