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No intention to extend submission deadline for tax declaration beyond March: ETA - Daily News Egypt

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No intention to extend submission deadline for tax declaration beyond March: ETA

ETA’s YouTube channel explains how to file tax returns electronically


The Egyptian Tax Authority (ETA) has announced that there is no intention to extend the submission deadline for tax declarations beyond March.

The end-March deadline applies for natural persons who own individual projects or establishments, companies arising from the inheritance of a sole proprietorship, and the owners of free professions.

The ETA is encouraging these entities to quickly submit their tax returns electronically.

Chairperson of ETA, Reda Abdel Kader, confirmed in a statement on Tuesday, that the dates for submitting the tax return are legal dates that are specifically mentioned in the Tax Law. He stressed that the authority has no intention to extend the deadline, especially after the establishment of all means of technical support to financiers.

This support is being provided through the presence of free technical support teams in 227 commissions, 29 digital branches, and 20 tax advice offices in the various governorate-level Chambers of Commerce. 

These have been set up to facilitate the taxpayers’ submission of the declaration electronically, and to respond to all enquiries.

Abdel Kader referred to the provision of tax awareness methods through webinars as well as the awareness videos on the ETA’s YouTube channel that explain how to file tax returns electronically.

He stressed the department’s keenness to provide all means of communication with the tax community, in order to assist financiers in performing the legal obligations, particularly the tax declaration.

This is to ensure that they are not subject to the penalties stipulated in the Unified Tax Procedures Law No 206 of 2020.

He said that in the event of delay in submitting the tax return for a period not exceeding 60 days, the fine is at a minimum of EGP 3,000 up to EGP 50,000. In the case of delay in submitting the tax return for a period exceeding 60 days, the fine starts at EGP 50,000 to EGP 2m.

Topics: tax

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https://dailyfeed.dailynewsegypt.com/2021/03/17/no-intention-to-extend-submission-deadline-for-tax-declaration-beyond-march-eta/
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