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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.
Egyptian tax receipts witnessed an increase of 40% this year as compared to last year, said Emad Samy, head of the Tax Authority, in his speech at the headquarters of the American Chamber of Commerce in Egypt. He added that the current tax disputes law would be ineffectual by 7 September, though the taxpayer who would …
New committee to be established for selecting leadership positions, says deputy finance minister
Debt from government institutions comprise EGP 30bn of the total; VAT executive regulations to be issued in a month
Revenues from taxes are expected to record EGP 422bn in FY 2016\2017, El-Monayer says
The Federation of Egyptian Banks and the Egyptian Tax authority have reached a final agreement to settle the disputes between banks and the authority regarding the stamp tax. The agreement was signed between the federation and the authority on Tuesday. The agreement was reached after a committee comprising of representatives of the two parties was …
Demands include providing tax returns and payment of capital gains taxes registered in the second half of 2014
Hiking transport prices reduces budget deficit, Mattar says
Tax will rise from EGP 54,000 to EGP 500,000 for industrial activities, while commercial actives will generate a tax rise from EGP 150,000 to 500,000
Prime Minister Ibrahim Mehleb has met representatives of protesting employees of the Customs and Tax Authorities to discuss their demands regarding the newly issued Civil Service Law. At least 2,000 state employees from the Customs and Tax Authorities held a demonstration against the law on 10 August in front of the Press Syndicate in Downtown …
Matar says amount to be collected within current fiscal year
Finance minister said government collected EGP 180bn in nine months
Amendments entail imposing tax on dividends achieved by an individual whose transactions do not exceed EGP 5bn during tax period
Notifications were sent to 6.3m residential units
Finance minister said amendment helps managing public debt as it improves flow of tax revenues to the CBE
Dispute surrounding Kuwaiti grant valuing $1bn, Ministry of Finance confirms its arrival, International Cooperation denies
Budget revenues increase by 0.7% to reach EGP 34.4bn
Mostafa Abdel Qader, chairman of Egypt’s Tax Authority, requested that tax exemptions that Egypt has granted for decades be eliminated, stressing that Egypt has not reaped benefits from them and that they are a “type of intellectual colonisation”. “The imposition of taxes on dividends and capital gains represent a bigger step towards achieving greater justice,” …
The committee has also drafted solutions for another dispute between the Tax Authority and one steel firm over tax collection as well, according to Mahfouz.
Public petroleum establishments will be exempted, while private companies will be subject to the law, says senior Tax Authority official
Using replacement value method would reduce property tax for Cairene hotels by 90%, says deputy chairman
Telecom Egypt, Ezz Steel, and Cemex Egypt among top tax paying companies
The amendments include establishing a committee in every governorate to survey and evaluate the rental value of properties.
There have been 378 tax evasion cases in February, the interior ministry says
EGP 5bn increase year on year in tax revenues in the period from July to February
The delegation will resume talks about Value Added Tax draft law
Approximately 20,000 cases of tax disputes have been awaiting court verdicts since 2003, with taxes valued at EGP 40bn
Tax Authority announced that it has collected EGP 80.3bn, while the tax revenue in the CBE is EGP 49.81bn.
Amendments to property taxes receive approval from cabinet, awaiting presidential approval
The e-payment system will play a supporting role to ease the budget burden by reducing delays in tax returns