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Monday, 2 July 2018

Tax Authority settles EGP 16 bn in tax disputes under Tax Dispute Resolution Act

The Tax Authority has settled EGP 16 bn-worth of disputes since the Tax Dispute resolution Act was passed in 2016, deputy head Mohamed Abdel Sattar said on Thursday, Al Masry Al Youm reports. Abdel Sattar also confirmed what we heard last week, that the Finance Ministry was considering amendments to the Tax Dispute Act that would shorten its current mandate f two years to only four months, as officials look to settle some 150k tax disputes currently before the resolution committees. Sources also suggested that the rate of tax disputes being filed has slowed with only 12,000 cases received so far this year. The two-year law, which is meant to expedite resolution of tax conflicts through the use of resolution committees, had been renewed for a second two-year mandate back in March. The ministry had said back then that the law resolved around 4,500 tax disputes and contributed EGP 15.1 bn to state coffers last year.

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