Egypt slowly adopting tax changes on base erosion and profit shifting

By Sherif Sabakhawy, Managing Partner for consultation and Tax Planning.

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Egypt is making slow-moving but accurate steps towards the complete framework of international tax norms outlined in the OECD’s base erosion and profit shifting (BEPS) project. However, the current application of introduced actions in place is still immature and requires more integration and development. Nonetheless, while the roadmap is quite young, its implementation is promising for both multinationals and the tax administration. continue reading

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