Latest in Tag: finance minister Highlight
Latest in Tag: finance minister
Visit to include discussions on ways to strengthen economic relations between two countries
Egypt achieves initial surplus of EGP 25bn despite negative effects of COVID-19 crisis
Egyptian law stipulates that every taxpayer is obliged to issue tax invoice or receipt in electronic form
400 companies have completed integration processes with e-invoice system
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
About 51,000 e-signature certificates have been issued to government sector since 2009, says Mohamed Maait
Period from July 2020 to January 2021 witnessed spending increase on social protection programmes, amounting to EGP 114bn
Addressing business owners, Egypt’s Finance Minister said, “You will not go to the tax authority, and a tax officer will not visit you.”
This proves that the country’s economic situation is overcoming the negative effects of the novel coronavirus (COVID-19) pandemic.
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
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.
“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.
It also illustrates the ability of companies operating in the local economy to deal with the repercussions of the coronavirus pandemic.
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.
Second pilot phase aims to issue contactless cards across 10 governorates
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.
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.
Customs amendments cover some industrial components, mass transit vehicles, and renewable energy, says Mohamed Maait
Country’s tax system is witnessing “development revolution” under President Al-Sisi, says Maait
Electronic system will, for first time, be established to track goods until final release stage, says Mohamed Maait
Incentives help accelerate collection of state’s overdue debts, maximise its ability to provide public services during pandemic, says Maait
Constant monitoring of situation needed, particularly for annual budget which was prepared in pre-pandemic period, says Maait
Full exemption of delay fines will be granted to those who pay their overdue taxes before new facilities are issued
Maait orders that customs clearance of some imported goods will be speeded up amid COVID-19 fight
Government economic, monetary and financial reforms have provided solidity and flexibility
Results illustrate Finance Ministry’s efforts to provide information to citizens, says Maait
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.
Cooperation must be strengthened to face pandemic’s economic repercussions, says Moeit
The development plan of national institution focuses on the digitisation of the news service at press institutions, says Gabr
Planned increase in stock exchange duty cancelled, stamp duty stays at EGP 1.5