Cairo - Mubasher: The Egyptian Ministry of Finance (MoF) said on Friday that only 20 days remain for the 70% exemption for repaying delayed taxes.

This is the second grace period according to the tax exemption law that is encouraging settling delayed taxes, according to a statement.

Minister Mohamed Moaet noted that such initiatives aim at supporting economic activity and encouraging investments.

The third grace period with a 50% exemption rate will begin on December 28, and will last for 45 days until 9 February.