New Egyptian Law reduces late payment interest, penalties, and additional taxes by settlement; requires any applications to dispute resolution committee be made by end of 2018

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29 August 2018

New Egyptian Law reduces late payment interest, penalties, and additional taxes by settlement; requires any applications to dispute resolution committee be made by end of 2018

The Egyptian Government has issued new Law no. 174 of 2018 (the Law) that reduces late payment interest and penalties by a certain percentage based on the payment day of the taxes due. The objective of the Law is to encourage earlier payment of taxes due and also improve relations between the tax authorities and taxpayers.

A Global Tax Alert, attached below, provides additional details.

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Document ID: 2018-1719

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