Egypt Clarifies Certain Transfer Pricing Issues

The Egyptian Tax Authority reportedly issued Executive Instructions No. 78 on 19 September 2023, which clarifies certain issues regarding transfer pricing. This includes:

• Confirmation that the transfer pricing Local file is due two months after the submission of the annual corporate tax return, with the further clarification that if an amended/revised return is submitted within 30 days of the original submission, the deadline for the Local file is adjusted to within 2 months after the submis…