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Electronic tax invoicing on trial starting 30 June
Centralised system enables Egyptian Tax Authority to monitor all commercial transactions between companies, says Maait
Income Tax Law amendments address distortions in tax system: Finance Ministry
Amendments will also see improved tax brackets and across the board tax savings for all social segments
Individuals to submit tax returns electronically from January 2021: Finance Ministry
According to a ministry statement on Wednesday, the decision comes as part of amendments to some provisions of the executive regulations under the Income Tax Law.
Al-Sisi directs for expanded mechanisation of tax system
President Al-Sisi’s direction came during a meeting with Prime Minister Mostafa Madbouly and Minister of Finance Mohamed Maait.
Al-Sisi ratifies law amending real estate tax
The amendments aim to minimise tax liability on factory owners and encourage certain productive sectors and strategic services.
Finance Ministry reduces stamp tax to 0.5 per thousand, postpone capital gains tax
The decision will be presented to the economic ministerial group in its meeting today. The discussion is supposed to include approving incentives to stimulate the Egyptian Exchange (EGX), such as giving companies a tax deduction if they resort to offering in EGX, in order to stimulate the money market.
Egypt launches new tax e-filing system
Project comes in cooperation with IBM, e-finance, SAP, and Ernst and Young
Lack of clarity over tax policies for e-commerce platforms hinder investments
Environment surrounding e-commerce activity developed rapidly within 1 year, says Moharram & Partners Managing Partner
Egypt’s tax policy to remain stable with no future changes: Finance Minister
‘We will join the Morgan Stanley index for the emerging market very soon,’ says Moeit
Finance Ministry offers tax, non-tax incentives in MSMEs draft law
The ministry added in a press statement, on Saturday, that this law aims to improve the growth structure and raise its rates, which will subsequently provide more job opportunities for youth.
Egyptian Tax Authority achieves 102% surplus for first time: Tax Inspection Manager
Taxes account for 75% of state resources
Egypt’s tax revenues up 17% to EGP 660bn in FY 2019: Finance Minister
Non-sovereign bodies taxes reach EGP 517bn, representing 9.9% of GDP
Global Telecom settles $136m tax dispute
Veon declines GTH offer price to EGP 5.08m after new tax settlement
NBE extends work hours to 6:00pm in 64 branches to receive tax dues
All bank branches will provide e-tax collection services during official working hours
E-tax declarations allow government to control market financial transactions, prevent tax evasion: Deloitte
The Tax Authority has demanded the addressed financiers to submit electronic tax (e-tax) declarations ahead of time enough before the legal period ends, warning that last-minute submissions will cause major pressures on the system and will lead to its disruption and a possible occurrence of many issues. At the seminar organised by the tax committee …
New tax procedure draft law to be put for community dialogue soon
VAT declarations to be submitted electronically starting from January 2019
Google routed $23bn in 2017 to tax haven Bermuda, documents reveal
Strategy of double Irish with Dutch Sandwich is international tax evasion involving channelling profits first through Irish company, then Dutch company, then to Irish subsidiary in a location – like Bermuda —with lower or no income taxes Tech giant Google shifted $22.7bn through a Dutch shell company to Bermuda in 2017, in a move that …
French government to ‘suspend’ fuel tax hike
“It is first step, but we will not settle for crumb,” said Benjamin Cauchy, one of leaders of protests
EGX rises again after 5 days from tax accounting decision on governmental debt instruments
Today the Egyptian capital market has started to rise again by small rate due to some reports saying that the Federation of Egyptian Banks (FEB) is trying to reach an agreement with the ministry of finance.
Finance Ministry, FEB will decide tax accounting on government debt instrument Wednesday
Following this decision, the FEB formed a specialised committee to study this decision and its impact on the banks’ profits.
Scenarios after Tax Cuts on European Cars
Egypt and the EU signed an agreement on 25 June 2001 in Brussels to establish a free-trade zone for a maximum period of 12 years from the time the agreement goes into gradual effect, while liberalising Egyptian imports from industrial goods of the EU extending to 16 years. This agreement requires reducing European car customs …
Private house owners spared from real estate tax, to provide tax relief until the end of June 2019: finance minister
Citizens who qualify for real estate tax law, can apply for tax instalments, says Moeit
Real estate tax participates in improving services provided to citizens: Real Estate Investment Division member
Alaa Fekry, member of the Board of Directors of the Real Estate Investment Division at the Federation of Egyptian Chambers of Commerce (FEDCOC) said that applying the real estate tax on units exceeding EGP 2m under specific conditions is a good and balanced tool to increase state resources without harming low and middle-income citizens. Fekry …
ETA completes preparations to implement decision to submit tax return declarations online
The Ministry of Finance confirmed that the Egyptian Tax Authority (ETA) has completed its preparations to begin implementation of the decision of the minister of finance obligating the tax community to submit tax returns online. Thus, the ETA has prepared many online facilities and equipment to facilitate the implementation of the decision by the tax …
SMEDA renegotiates Ministry of Finance on tax incentives in MSMEs law
We are in contact with new finance minister, look forward for discussion in new parliamentary session: Gamea
Extend time of real estate tax collecting without a fine until 15October: Finance Ministry
With the approval of Prime Minister Mustafa Madbouli, , Mohamed Maait Minister of Finance issued a decision to extend the deadline for the collection of real estate tax without penalty delay until 15 October 2018, according to press statement on Thursday. The statement said that this decision is considered to facilitate the taxpayers and to …
ETF discusses submitting memorandum to Finance Ministry to reconsider real estate tax calculation
Law subjects workers, service establishments to tax, says Rady
121% growth in tobacco tax revenue over last five years
Cigarette companies demand expansion of tax segments, but government ignores it
EGP 157bn increase in tax revenues in FY 2017/2018: Finance Minister
Decrease in budget deficit to reach 9.8% in FY2017/2018 compared to 10.9% in FY 2016/2017
Parliament asks for three-month report on tax disputes
Tax disputes referred to judiciary are about 150,000, including appeals against income, sales taxation, VAT, stamp duties