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QNB reconcile tax dispute in Egypt

QNB reconcile tax dispute in Egypt
QNB Al Ahli
QNBA
-2.65% 32.72 -0.88

Cairo – Mubasher: The Egyptian ministry of finance announced on Friday that it has settled 65 tax disputes with the Qatar National Bank (QNB). 

The desipute was regarding the stamp tax, however, the bank is taking advantage of a 90% exemption of delay penalty and paid EGP 100 million from a total EGP 192 million, the ministry said in a statement. 

The disputes date back 20 years ago, the ministry indicated.