The Egyptian House of Representatives approved a draft law to amend provisions of the Unified Tax Procedures Law (Law No. 206 of 2020) On 26 January 2024,.

The amendments allow the Minister of Finance or their representative to negotiate settlements for tax offences, with compensation ranging from half to double the minimum fine, before criminal proceedings begin.

Additionally, the law permits conciliation for specific violations under the Income Tax Act (No. 91 of 2005), requiring compensation of 12.5% of the uncollected or unpaid amounts.

Furthermore, even after criminal proceedings are initiated, compensation up to three times the minimum fine can be paid to avoid a final judgment.