Egypt working on temporary law to resolve tax disputes

LEGISLATION WATCH- FinMin drawing up new law to resolve tax disputes: Tax affairs advisor to the finance minister, Ramadan Seddik, is drafting temporary six-month legislation to resolve open tax disputes, cabinet said in a statement, without mentioning any details of the law. The bill is being fast-tracked, and will be handed to the Madbouly Cabinet to be voted on in parliament and ratified by the president before the end of the year.

Draft Income Tax Act would solve 2019 tax disputes: The ministry’s overhaul of the Income Tax Act would resolve tax disputes dated between the end of 2018 and until 31 December 2019 by extending the mandate of the government’s tax dispute resolution committees, according to a copy of the draft seen by Enterprise last month.