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 di…