The government began drafting changes to the Income Tax Act to bring the legislation in line with international standards, Tax Authority Head Abdel Azim Hussein told Enterprise. Hussein noted that no changes are in the works to tax rates or brackets. The government will consult with business and industry associations, including the Egyptian Businessmen’s Association and the Federation of Egyptian Industries, as well as with major accounting firms during the drafting process, he added. The changes under study could impact: i) how tax appeals are handled; ii) the Ministry of Finance’s (MoF) internal tax committees; and iii) procedures for filing tax returns. Changes also include another look at how capital gains and shareholder dividends are taxed. Other changes under study include introducing a chapter in the tax code for the treatment of internet based markets and a review of how tax incentives are structured. The changes aim to support the government’s goal to grow tax revenues by 0.5% of GDP a year, reaching 18-20% of GDP in the medium term.