The Egyptian government issued new legislation on 19 October 2020 introducing new unified tax procedures that apply as from 20 October 2020 (Law no. 206 of 2020). The law governs the assessment and payment of certain taxes, including income tax, value-added tax (VAT), stamp duty, state resources development tax, and any other taxes of a similar nature (such as real estate tax). The amendments were introduced in response to the government’s efforts to merge the informal economy with the formal system and to improve the administrative practices of the Egyptian Tax Authority (ETA) so it will work more efficiently and the number of disputes with taxpayers will decrease.
Source Deloitte
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