PM refers bill to parliament allowing exchange of banking information for tax purposes ...Egypt

On Wednesday, Prime Minister Mostafa Madbouly referred to Parliament a draft law providing for an amendment to the unified tax procedures law, according to which banks are allowed to disclose its information for the purposes of information exchange. This was for the initial proposal and implementation of the international taxation agreement in force in Egypt. The law was referred after reviewing the constitution. The law of the Central Bank of Egypt and the banking system, the unified tax procedures law, taking the opinion of the Central Bank, and the approval of the cabinet. The addition was as follows: “A second paragraph shall be added to the text of Article 178 of the Unified Tax Procedu

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