FinMin settles 65 tax disputes with QNB, EGP 100 mn repaid

The Finance Ministry has settled 65 tax disputes with QNB Al Ahli worth EGP 100 mn, which the bank has paid, Al Mal reports. The disputes primarily involved stamp tax payments dating back 20 years. The ministry waived 90% of delay penalties and additional fines for QNB as part of the agreement, reducing the bank’s settlement amount to EGP 100 mn from EGP 192 mn.