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Thursday, 1 September 2016

Parliament approves law on resolution of tax disputes

The House of Representatives approved a new mechanism designed to “ease the process of settling tax disputes,” according to Reuters. “The law looks to accelerate what is now an often lengthy tax dispute process, removing cases from court and allowing them to be settled by committees headed by experts who do not work for the tax authority. The settlement process would start as soon as an investor submits a request to the tax authority, at which point court proceedings would be suspended for three months or longer if needed. The tax resolution law will expire after one year, a copy of the legislation stated.” The newswire adds that there are more than 6,000 tax dispute cases worth around EGP 47 bn in the court system currently, in addition to 150 civil disputes.

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