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Egypt settles tax arrears worth EGP 500m with 30 companies
02 - Mon - Dec - 2019
Egypt settles tax arrears worth EGP 500m with 30 companies

The Egyptian Ministry of Finance has settled tax arrears worth EGP 500 million of 30 companies through the settlement of their export subsidies owed by the Export Development Fund, deputy finance minister Ahmed Kojak said.

In addition, the government is also considering the settlement of additional arrears owed by another 20 companies in the coming period, Kojak added in a joint statement released by the Ministry of Finance and the Ministry of Trade and Industry on Monday. 

This came during the signing of settlement agreements with nine companies to settle their export subsidy arrears owed by the Export Development Fund.  

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