Our tax department faced a case with client for which tax authority impose dividends tax based on internal committee decree rather than calculation of such dividends tax based on the accounting income
This misstatement from authority side was negatively impact our client position to pay more tax on dividends which we already suspect to be valid for tax duplication reason "head of tax department indicated "
We described the case with adequate documentation support our claim and indicate that law 91 for year 2005 was clear in article 46 "Repeated" it was indicated that tax dividends imposed on accounting income as presented in income statement prepared under Egyptian accounting standards no matter of what assessment made by tax authority
Finally a decree issued from research department , and we currently claiming the immediate executing of the decree from the executive geographical authority in Alexandria and waiting for its amendment of adjustment of client account
Comments