Back to the complete issue
Thursday, 5 December 2019

Egypt’s Cabinet approves temporary tax dispute resolution bill

CABINET WATCH- Ministers approve temporary tax dispute resolution bill: The Madbouly Cabinet approved yesterday a temporary, six-month law to facilitate the process of resolving open tax disputes drafted by the Finance Ministry, according to an official statement. The legislation, which the ministry finalized earlier this week, will act as an extension to the recently expired Tax Dispute Resolution Act, which took tax disputes away from courts and handed them over to newly-established expert committees to seek amicable settlements.The new bill would mandate these committees to handle tax dispute settlements until 30 June 2020 and would introduce two new sections to Article 110 of the Income Tax Act, which legislates late tax payment fees.

The Council of Ministers also signed off yesterday on a bundle of decisions from the investment dispute resolution committee and legalizing 87 churches and their affiliated buildings.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.