Corporate Social Responsibility in the
Investment Law
The Investment law no. 72 of 2017 aimed for promoting a higher quality of domestic and foreign investment that contribute to sustainable development and abide by responsible business conduct.
The Investment law has for the first time introduced a chapter to support Social Responsibility of the Investor (Article 15).
Article 15 of Investment Law No. 72 of 2017
Article 15 stipulated:
- Stimulating CSR activity, whatever their size, purpose or legal form.
- Determining the areas of CSR: (environmental protection, health, social and cultural care or other areas of development, technical education, training and scientific research).
- Specifying the tax incentives for investors who dedicate a percentage of their annual profits to CSR projects.
- Creating a list of "Best Investment Projects" that conducted community development activities and declaring this list to the public.
- Prohibiting CSR projects, programs or services from using the social responsibility system to achieve political, partisan, or religious purposes or that involve discrimination among citizens.
Text of Article 15 of the Investment Law.pdf
Article (2) of the Executive Regulations to the Investment Law No. 72 of 2017
Article (3) of the Executive Regulations to the Investment Law No. 72 of 2017
Article (3) stipulated that investors shall provide GAFI with an annual report with the supporting documents about their community development activities.
Text of Article 3 Chapter (3) of the Investment Law' Executive Regulations.pdf
Article (126) of the Executive Regulations of Investment Law No. (72) of (2017)
