The House of Representatives approved a draft law submitted by the government regarding the renewal of Law No. 79 of 2016 regarding ending tax disputes .
Representative Dr. Fakhri Al-Fiqi, Chairman of the Planning and Budget Committee in the House of Representatives and rapporteur of the report, said the importance of implementing this law to provide the opportunity for financiers and taxpayers to submit requests to end tax disputes before the tax appeal committees
He said: This is within the framework of the Ministry of Finance’s efforts to reduce tax disputes and speed up their settlement, towards alleviating the financial burdens borne by tax taxpayers, and stabilizing their tax and financial situations and positions in light of the current economic conditions that the entire world is going through. As well as improving financial performance, ensuring the collection of the state’s public treasury rights, and stimulating tax revenues.< /p>
Dr. Fakhri Al-Feki indicated that it is a continuation of the approach followed by the Ministry of Finance towards adopting a tax policy that achieves a balance between the rights of the state’s public treasury and the rights of financiers and taxpayers, as well as in a way that contributes to consolidating bridges of trust between the tax administration and financiers by creating simplified mechanisms. To quickly settle tax disputes away from the courts, to make it easier for financiers, to stimulate the investment incentive, and to exercise the state’s right in a way that would support the state’s tendency to support economic activities, stimulate production, and increase investments.
Counsel Mahmoud Fawzi, Minister of State for Parliamentary Affairs, announced that the renewal of the Tax Dispute Settlement Law is an advantage for taxpayers who should benefit from it, adding that the 6-month period stipulated by the law is a period for submitting the application and not deciding on it< /span>.
Fawzi added during the plenary session today, Tuesday, that the law stipulates that the period of implementation of the law will be until June 30, 2025 instead of January 31, 2025, given the short period needed by the technical committees, as they need a working period of three months to At least to consider requests to end tax disputes and decide on them, so the taxpayer must take advantage of the law and prepare his tax file before June 30 .
He stressed that the period of 6 months is sufficient for financiers to benefit during that period, rejecting any amendment to the period of implementation of the law, saying: It will not be in the interest of the law until we can study its legislative impact ."
The text of the draft law is as follows:
"Article One"
The provisions and procedures stipulated in Law No. 79 of 2016 regarding the settlement of tax disputes, amended by Laws Nos. 14 of 2018 and 174 of 2018, and renewed by Laws Nos. 16 of 2020, 173 of 2020, and 153 of 2018, are renewed. 2022 until June 30, 2025.
The committees formed in accordance with the provisions of Law No. 79 of 2016 referred to continue to consider applications that have not been adjudicated, and they are also responsible for adjudicating new applications submitted to them.
"Article Two"
This law shall be published in the Official Gazette, and shall be effective from the day following the date of its publication.
This law shall be stamped with the seal of the state, and shall be implemented as one of its laws.
