House approves bill amending some provisions of income tax law

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Tue, 21 Apr 2020 - 05:40 GMT

Members of Parliament start voting on the newly-proposed amendments to the 2014 Constitution on Thursday- Egypt Today/Hazem abdel-Samad

Members of Parliament start voting on the newly-proposed amendments to the 2014 Constitution on Thursday- Egypt Today/Hazem abdel-Samad

CAIRO - 21 April 2020: The House of Representatives approved in principal a draft law submitted by the government to amend some provisions of income tax law no. 91/ 2005.

House Speaker Ali Abdel Aal said the final vote will be held Wednesday during a plenary session.

The bill includes changing article no. 8 that sets taxes and income brackets.

It also amends article 87 bis that stipulates levying an additional 20% tax on the difference between the final tax value and the tax value stated in the tax return.

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