Egypt’s temporary tax dispute resolution bill activated

LEGISLATION WATCH- Temporary tax dispute resolution bill goes into effect: The Egyptian Tax Authority is operating on the basis of a six-month law to facilitate the process of resolving open tax disputes until 30 June, according to an emailed statement (pdf). The legislation, which was drafted by the Finance Ministry back in December, allows financiers whose assets were frozen for failure to pay taxes to make a down payment of 10% to unfreeze their assets. They will then be allowed to file for a settlement.