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Any potential postponement of financial obligations, however, must be through regional and international movements, and Egypt is willing to support such efforts, Moeit explained.
Economic authorities’ excesses have been resolved, improved governance achieved
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
Ministry to start disbursing export subsidies for small companies without tax clearance certificates
State employees’ wages to increase by 11.3%: Finance Minister
Borrowing should be in line with the government’s priorities, SDGs
Moeit added during his meeting with the leaders of the Egyptian Tax Authority that the authority should set a strong foundation of trust with taxpayers and provide all the necessary facilities to stimulate the investment environment.
The Minister of Finance emphasised that Egypt’s current situation and debt level are within the safe zone, in comparison to various emerging markets, “which reflected positively on the government’s ability to pay the costs of its debts regularly, indicating the state’s commitment to its pledges.”
“EKBC to shape new phase of our joint economic relation,” says ambassador Yoon
Automotive, SCZone investments top priority for discussions, says Nosseir
‘We will join the Morgan Stanley index for the emerging market very soon,’ says Moeit
First portion of EGP 1bn financial package for Sovereignty Fund already transferred
Digital transformation is one of the pillars that promote the economic GDP growth, says finance minister Moeit
The conference will also feature financial sector leaders from across the world, delivering their views on the digital transformation taking place in the financial industries in Egypt and globally.
“We asked government to send e-commerce draft law for discussion, to be ready by November,” says MP
Country’s non-oil exports record $13.037bn in 1H19, says GOEIC
Non-sovereign bodies taxes reach EGP 517bn, representing 9.9% of GDP
Moeit’s statements came during a press conference for the development of the Tax Authority, where he pointed out that the government is working to develop and restructure of the authority as it contributes more than 75% of the country’s total revenues.
Planned increase in stock exchange duty cancelled, stamp duty stays at EGP 1.5
Egypt’s fiscal policy aims to raise the GDP growth rate to 6% in the next fiscal year (FY) 2019/20, after the recent increase of 5.5%, Minister of Finance Mohamed Moeit said on Saturday. Moiet explained that the economic reforms implemented since 2016 allowed the country to overcome various economic difficulties, and set the national economy …
State increased government investments in national projects by 40% in FY 2019/20
In 2018, treatment beneficiaries at state’s expense increase by 6.8%
Finance Minister calls on British businesspersons to contribute to health projects
Meeting is great opportunity to enhance British-Egyptian health cooperation, says Nosseir
The Egyptian government targets a budget deficit of 7.2% and a GDP growth of 6.1% in fiscal year (FY) 2019/20, the Minister of Finance, Mohamed Moeit, said on Tuesday during an industry conference. During the conference organised by the Egyptian Center for Economic Studies, Moeit added that as the FY nears its end (June), there …
The Minister of Finance, Mohamed Moeit, approved on Tuesday EGP 10.2bn as urgent allocations for both months January and February, to the General Authority for Supply Commodities (GASC), the Egyptian National Railways (ENR), the General Authority for Health Insurance (GAHI), and the National Media Authority (NMA). “The allocations included EGP 8bn for the GASC, which …
Egyptian-Korean cooperation in railways, water treatment fields
The Minister of Finance, Mohamed Moeit, announced that an agreement was reached between representatives of the Egyptian Tax Authority (ETA) and Uber Egypt to collect the value added tax (VAT) from the tech firm in application of the provisions of Law No 67 of 2016. Moeit said that the agreement comes as result of the …
Real estate tax revenues increase by 102%, education, health, public investments expenditure increased by 21%, 27%, 64% consecutively