Latest in Tag: tax Highlight
Latest in Tag: tax
Egypt ready to transfer tax expertise to Sudan: Minister of Finance
‘We look forward to benefiting from Egyptian experience in developing tax system,’ says Sudan Taxation Chamber chief
Egypt welcomes OECD deal on global corporate tax rate
Landmark deal to reallocate $125bn of profits worldwide: OECD
Egyptian Tax Authority meets stakeholders to discuss obstacles of tax automation
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.
Minister of Finance to amend executive regulations of Income Tax Law
Amendments aim to facilitate tax collection procedures
Egypt’s bloggers, vloggers asked to register for income tax
Tax Authority calls on content creators whose revenues reach EGP 500k per year since online debut to register for VAT
Egypt’s Finance Ministry ends administrative forfeiture on 3k defaulting taxpayers
Defaulting taxpayers pay 1-10% of due taxes, amounting to EGP 159.7m
Egypt keen on stable tax policies to attract more investors: Finance Minister
New MSMEs law includes many incentives to integrate informal sector with formal economy
South Korea organises forum on Egypt’s tax, customs reforms
Forum discusses Egypt’s new Advance Cargo Information, e-invoicing systems
No intention to extend submission deadline for tax declaration beyond March: ETA
ETA’s YouTube channel explains how to file tax returns electronically
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.”
Tax Authority forms team to support financiers in joining e-invoice system
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.
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
Tax exempt on government debt returns for overseas bodies still in place: Maait
Parliament proposes amending tax exemption on returns from government debt in which NOSI invests to 50%-65%
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
Electronic tax invoicing on trial starting 30 June
Centralised system enables Egyptian Tax Authority to monitor all commercial transactions between companies, says Maait
Income Tax Law amendments address distortions in tax system: Finance Ministry
Amendments will also see improved tax brackets and across the board tax savings for all social segments
Individuals to submit tax returns electronically from January 2021: Finance Ministry
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.
Al-Sisi directs for expanded mechanisation of tax system
President Al-Sisi’s direction came during a meeting with Prime Minister Mostafa Madbouly and Minister of Finance Mohamed Maait.
Al-Sisi ratifies law amending real estate tax
The amendments aim to minimise tax liability on factory owners and encourage certain productive sectors and strategic services.
Finance Ministry reduces stamp tax to 0.5 per thousand, postpone capital gains tax
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.
Egypt launches new tax e-filing system
Project comes in cooperation with IBM, e-finance, SAP, and Ernst and Young
Lack of clarity over tax policies for e-commerce platforms hinder investments
Environment surrounding e-commerce activity developed rapidly within 1 year, says Moharram & Partners Managing Partner
Egypt’s tax policy to remain stable with no future changes: Finance Minister
‘We will join the Morgan Stanley index for the emerging market very soon,’ says Moeit
Finance Ministry offers tax, non-tax incentives in MSMEs draft law
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.
Egyptian Tax Authority achieves 102% surplus for first time: Tax Inspection Manager
Taxes account for 75% of state resources
Egypt’s tax revenues up 17% to EGP 660bn in FY 2019: Finance Minister
Non-sovereign bodies taxes reach EGP 517bn, representing 9.9% of GDP
Global Telecom settles $136m tax dispute
Veon declines GTH offer price to EGP 5.08m after new tax settlement
NBE extends work hours to 6:00pm in 64 branches to receive tax dues
All bank branches will provide e-tax collection services during official working hours
E-tax declarations allow government to control market financial transactions, prevent tax evasion: Deloitte
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 …
New tax procedure draft law to be put for community dialogue soon
VAT declarations to be submitted electronically starting from January 2019