Egypt has published Law No. 211 of 2020, which includes amendments to the Unified Tax Procedures Law (Law No. 206 of 2020) that was published in October 2020. Law No. 211 is effective from 4 December 2020.
The main amendments provide for additional penalties in relation to the transfer pricing requirements introduced by Law No. 206, which includes requirements to prepare a Master file, Local file, and CbC report, and to disclose related party transactions as part of the annual tax return. Th…