On 15 August 2018, Egypt reportedly implemented Law No. 174 of 2018, which provides for the reduction of interest and penalties on outstanding tax due prior to that date. This includes 90% reduction on interest and penalties if paid by 12 November 2018, a 70% reduction if paid by 27 December 2018, and a 50% reduction if paid by 10 February 2019. The Law also provides for the close of the tax dispute settlement process effective 31 December 2018. The process, first introduced in 2016 and subsequently extended, allows taxpayers to submit and settle tax disputes through independent committees separate from the tax authority, instead of going through the courts.
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