Exclusive: More details on Egypt’s new guidelines
February 25, 2010
Amr El Monayer, assistant to the deputy minister of the Egyptian Ministry of Finance explains what the new guidelines will cover, and when they will be released.
Egypt formally introduced the transfer pricing and arm’s length concepts for the first time under article 30 of the Income Tax Law Number 91 of 2005. Thus, transfer pricing for tax purposes is a new topic that has been recently introduced in Egypt. Therefore, the Egyptian Tax Authority (ETA) realises that taxpayers need adequate time to be familiar with the principles underlying such a topic, in order to be able to put these principles into practice. Therefore, the ETA has decided to issue Egypt's Transfer Pricing Guidelines in a series of parts.
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