Egypt: Parliament Approves Unified Tax Law

Egypt News developments

Egypt: Parliament Approves Unified Tax Law

Youm7, 18 December 2022: The Egyptian House of Representatives has approved a draft law to amend provisions of the Unified Tax Procedures Law relating to the implementation of the provisions of the international tax agreements to which Egypt is a party.

The draft law allows foreign countries to verify the commercial transactions of its nationals to confront tax evasion, giving Egypt the right to reciprocate with 172 countries that have joined those international tax agreements.

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Benjamin Filaferro