Latest in Tag: finance minister Highlight
Latest in Tag: finance minister
Finance Minister begins official 2-day visit to Khartoum
Visit to include discussions on ways to strengthen economic relations between two countries
Finance Minister invites investors to benefit of Egypt’s promising development opportunities
Egypt achieves initial surplus of EGP 25bn despite negative effects of COVID-19 crisis
Companies uncommitted to e-invoice system will be referred to prosecution: Finance Minister
Egyptian law stipulates that every taxpayer is obliged to issue tax invoice or receipt in electronic form
Taxpayers given to 15 May to join e-invoice system: Finance Minister
400 companies have completed integration processes with e-invoice system
State employees to receive salaries via Meeza cards by 2021 end: Finance Minister
Ministry targets converting 1.2 million payroll cards into Meeza cards between February-April, in cooperation with 9 banks and Egypt Post, says Mohamed Maait
Al-Sisi directs for strengthening financial governance in ‘Digital Egypt’: Finance Minister
About 51,000 e-signature certificates have been issued to government sector since 2009, says Mohamed Maait
Egypt offers EGP 5.3bn in irregular labourers’ aid amid COVID-19: Finance Minister
Period from July 2020 to January 2021 witnessed spending increase on social protection programmes, amounting to EGP 114bn
Simplified tax system could be applied to SMEs: Egypt’s Finance Minister
Addressing business owners, Egypt’s Finance Minister said, “You will not go to the tax authority, and a tax officer will not visit you.”
Egypt’s improved PMI reflects economy’s recovery, restored production: Finance Minister
This proves that the country’s economic situation is overcoming the negative effects of the novel coronavirus (COVID-19) pandemic.
Egypt’s tax, customs departments to be e-linked by June 2022 end: Finance Minister
Linking all Egyptian ports to electronic platform to simplify procedures, reduce cost of goods, and reduce customs clearance time to less than three days, says Mohamed Maait
Immediate cash payment of late dues to Egyptian exporters sees increased demand: Finance Minister
Maait said that his ministry and the Export Development Fund would continue receiving requests from exporters wishing to benefit from this initiative. Exporters will be able to access the initiative on weekdays between 8:30am and 6:00pm, until the end of the working day on 30 November.
Egypt’s GDP growth projected at 2.8%-3.5% in FY 2020/21: Finance Minister
“The growth could be coming from many promising sectors which we are focusing on, the foremost of which is the construction sector, which I believe is still giving us good outcome,” Maait said.
Improved private sector performance reflects ability to deal with COVID-19: Finance Minister
It also illustrates the ability of companies operating in the local economy to deal with the repercussions of the coronavirus pandemic.
Egyptian economy withstands coronavirus repercussions: Finance Minister
During his meeting with the Swiss Ambassador in Cairo Paul Garnier on Thursday, Maait affirmed that the government is continuing with structural reforms in a way that makes it more capable of positively dealing with internal and external challenges.
28,000 government employees payroll cards to be replaced with “Meeza” cards in October: Finance Minister
Second pilot phase aims to issue contactless cards across 10 governorates
Egypt to launch 1st sovereign government green bond issue in MENA: Finance Minister
Maait explained that Egypt has a portfolio of eligible green projects worth $1.9bn, of which 16% are in the field of renewable energy. A further 19% are in clean transportation, 26% in sustainable water and sanitation management, and 39% in pollution reduction and control.
Finance Minister instructs ECA to reduce time limit on selling neglected goods
This would ensure the improved handling of containers left at customs points in Egypt in a manner that prevents their accumulation in ports and warehouses.
Up to 90% customs duty cuts on industrial inputs to boost local manufacturing: Finance Minister
Customs amendments cover some industrial components, mass transit vehicles, and renewable energy, says Mohamed Maait
Egypt targets 16.5% tax-to-GDP ratio within 5 years: Finance Minister
Country’s tax system is witnessing “development revolution” under President Al-Sisi, says Maait
Automation of Egypt customs system proceeds actively: Finance Minister
Electronic system will, for first time, be established to track goods until final release stage, says Mohamed Maait
Latest law on tax delinquency penalty relief offers new incentives: Finance Minister
Incentives help accelerate collection of state’s overdue debts, maximise its ability to provide public services during pandemic, says Maait
Budget deficit at 6.3%, expected to reach 7.5% amid COVID-19: Finance Minister
Constant monitoring of situation needed, particularly for annual budget which was prepared in pre-pandemic period, says Maait
New tax facilities to support economic sectors: Maait
Full exemption of delay fines will be granted to those who pay their overdue taxes before new facilities are issued
Strategic goods get priority customs clearance during pandemic: Finance Minister
Maait orders that customs clearance of some imported goods will be speeded up amid COVID-19 fight
Moody’s confirms Egypt’s B2 rating, outlook stable: Finance Minister
Government economic, monetary and financial reforms have provided solidity and flexibility
Egypt ranks second-highest in Middle East on budget transparency index: Finance Minister
Results illustrate Finance Ministry’s efforts to provide information to citizens, says Maait
Cabinet approves new income tax facilities in response to COVID-19
The new measures allow payment of 2019 income taxes in instalments until 30 June without any charges for delays in payment. Moeit said the instalments will be divided into 20% of the tax due in April, 30% in May, and 50% before the end of June.
Finance Minister discusses anti-coronavirus strategy with African counterparts
Cooperation must be strengthened to face pandemic’s economic repercussions, says Moeit
Diaa Rashwan discuss upgrading of press institution with Prime Minister, Finance Minister
The development plan of national institution focuses on the digitisation of the news service at press institutions, says Gabr
Initial budget surplus of EGP 35.5bn in 9M of current FY: Egypt’s Finance Minister
Planned increase in stock exchange duty cancelled, stamp duty stays at EGP 1.5