Latest in Tag: tax Highlight
Latest in Tag: tax
‘We look forward to benefiting from Egyptian experience in developing tax system,’ says Sudan Taxation Chamber chief
Landmark deal to reallocate $125bn of profits worldwide: OECD
Abdul Qader said, in a statement on Wednesday, that the Large Taxpayer Center is holding meetings with senior accounting and auditing offices to exchange views on the electronic system of ETA and the difficulties they face.
Amendments aim to facilitate tax collection procedures
Tax Authority calls on content creators whose revenues reach EGP 500k per year since online debut to register for VAT
Defaulting taxpayers pay 1-10% of due taxes, amounting to EGP 159.7m
New MSMEs law includes many incentives to integrate informal sector with formal economy
Forum discusses Egypt’s new Advance Cargo Information, e-invoicing systems
ETA’s YouTube channel explains how to file tax returns electronically
Addressing business owners, Egypt’s Finance Minister said, “You will not go to the tax authority, and a tax officer will not visit you.”
Reda Abdel Kader, Chairperson of the Egyptian Tax Authority (ETA), has formed a work team to provide support to financiers wishing to join the electronic invoice (e-invoice) system.
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
Parliament proposes amending tax exemption on returns from government debt in which NOSI invests to 50%-65%
Incentives help accelerate collection of state’s overdue debts, maximise its ability to provide public services during pandemic, says Maait
Centralised system enables Egyptian Tax Authority to monitor all commercial transactions between companies, says Maait
Amendments will also see improved tax brackets and across the board tax savings for all social segments
According to a ministry statement on Wednesday, the decision comes as part of amendments to some provisions of the executive regulations under the Income Tax Law.
President Al-Sisi’s direction came during a meeting with Prime Minister Mostafa Madbouly and Minister of Finance Mohamed Maait.
The amendments aim to minimise tax liability on factory owners and encourage certain productive sectors and strategic services.
The decision will be presented to the economic ministerial group in its meeting today. The discussion is supposed to include approving incentives to stimulate the Egyptian Exchange (EGX), such as giving companies a tax deduction if they resort to offering in EGX, in order to stimulate the money market.
Project comes in cooperation with IBM, e-finance, SAP, and Ernst and Young
Environment surrounding e-commerce activity developed rapidly within 1 year, says Moharram & Partners Managing Partner
‘We will join the Morgan Stanley index for the emerging market very soon,’ says Moeit
The ministry added in a press statement, on Saturday, that this law aims to improve the growth structure and raise its rates, which will subsequently provide more job opportunities for youth.
Taxes account for 75% of state resources
Non-sovereign bodies taxes reach EGP 517bn, representing 9.9% of GDP
Veon declines GTH offer price to EGP 5.08m after new tax settlement
All bank branches will provide e-tax collection services during official working hours
The Tax Authority has demanded the addressed financiers to submit electronic tax (e-tax) declarations ahead of time enough before the legal period ends, warning that last-minute submissions will cause major pressures on the system and will lead to its disruption and a possible occurrence of many issues. At the seminar organised by the tax committee …
VAT declarations to be submitted electronically starting from January 2019