Egypt's Mansour Facilitates Tax Dispute Resolution

by Ulrika Lomas, Tax-News.com, Brussels

19 December 2013

Egypt's interim President Adly Mansour has reportedly approved a new law establishing procedures aimed at resolving existing tax disputes.

According to Daily News Egypt, the new law creates a framework which will enable ongoing tax disagreements between Egyptian nationals and the tax authorities to be settled swiftly. The legislation provides notably for the setting up of committees within the tax authority itself, tasked with resolving outstanding issues.

The new law will apply in cases where individuals are contesting their tax assessments, as well as in cases where taxpayers are alleged to have evaded their domestic tax obligations. The legislation has now been published in the country's Official Gazette.

Furthermore, Mansour has issued a decree amending certain provisions in the country's income tax law. Specifically, the decree restores Article 52 (2a) of the income tax law, permitting banks to once again include loan provisions as deductible costs.

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