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Wednesday, 8 July 2020

Egypt’s new Unified Tax Act set for general assembly discussion

LEGISLATION WATCH- The Unified Tax Act is making its way to the House general assembly: The House Planning and Budgeting Committee has wrapped up discussions of the proposed Unified Tax Act ahead of handing over a report for a vote on several last-minute changes in the upcoming plenary session, Al Mal reported. The committee scrapped a contentious clause that would have required prosecutors to obtain the finance minister’s permission to go after tax officials who have claims filed against them. The committee also approved on Monday adding real estate taxes to a planned single tax filing platform that will be set up when the bill becomes law. The platform had previously only allowed taxpayers to file income tax, stamp tax and VAT returns.

BRIEFLY NOTED- People released from prison on parole will be able to report to police stations or precincts near their residence regardless of where they committed the crimes for which they were convicted, according to proposed amendments to a law regulating the conditional release from prison that received a committee nod from the House yesterday.

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