House to begin plenary hearings on Auctions and Tenders Act this week

LEGISLATION WATCH- The House of Representatives is expected to begin plenary discussions on the Auctions and Tenders Act next week, Ahram Gate reports. The House Budget Committee is reportedly completing its review on the law, which would decentralize tender procedures and streamline the selection process for winning bids as well as set new quotas for domestic components and SME contractors.

The committee had approved the amendments to the Income Tax Act that would push the deadline on submitting supplementary documentation to tax returns.