Parliament has approved a legislation, whereby the settlement process would start as soon as an investor submits a request to the Tax Authority and at which point court proceedings would be suspended for three months or longer, if needed. The Law aims at accelerating tax disputes settlement by authorising committees headed by experts, upon approval of the Ministry of Finance, to look into the case rather than courts, Minister of Finance Amr Al Garhy said. There are more than 6,000 tax dispute cases worth EGP47bn (USD5.29bn) in the court system, the Deputy Finance Minister said earlier this month. (Reuters, Mubasher)