Finance Ministry resolves 450 tax disputes worth EGP 1.5 bn

Committees given a one-year mandate to resolve tax disputes have so far settled 450 cases worth a combined EGP 1.5 bn, according to a Finance Ministry statement citing Deputy Finance Minister Amr El Monayer. The committees’ decisions in the disputes will also serve as legal precedents in tax cases in the future, according to El Monayer. Last year, Egypt passed the Tax Dispute Resolution Act, which has expert committees, rather than courts, handling tax dispute cases for one year to accelerate the resolution process. The committees’ mandates expire on 25 September 2017.