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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
Google routed $23bn in 2017 to tax haven Bermuda, documents reveal
Strategy of double Irish with Dutch Sandwich is international tax evasion involving channelling profits first through Irish company, then Dutch company, then to Irish subsidiary in a location – like Bermuda —with lower or no income taxes Tech giant Google shifted $22.7bn through a Dutch shell company to Bermuda in 2017, in a move that …
French government to ‘suspend’ fuel tax hike
“It is first step, but we will not settle for crumb,” said Benjamin Cauchy, one of leaders of protests
EGX rises again after 5 days from tax accounting decision on governmental debt instruments
Today the Egyptian capital market has started to rise again by small rate due to some reports saying that the Federation of Egyptian Banks (FEB) is trying to reach an agreement with the ministry of finance.
Finance Ministry, FEB will decide tax accounting on government debt instrument Wednesday
Following this decision, the FEB formed a specialised committee to study this decision and its impact on the banks’ profits.
Scenarios after Tax Cuts on European Cars
Egypt and the EU signed an agreement on 25 June 2001 in Brussels to establish a free-trade zone for a maximum period of 12 years from the time the agreement goes into gradual effect, while liberalising Egyptian imports from industrial goods of the EU extending to 16 years. This agreement requires reducing European car customs …
Private house owners spared from real estate tax, to provide tax relief until the end of June 2019: finance minister
Citizens who qualify for real estate tax law, can apply for tax instalments, says Moeit
Real estate tax participates in improving services provided to citizens: Real Estate Investment Division member
Alaa Fekry, member of the Board of Directors of the Real Estate Investment Division at the Federation of Egyptian Chambers of Commerce (FEDCOC) said that applying the real estate tax on units exceeding EGP 2m under specific conditions is a good and balanced tool to increase state resources without harming low and middle-income citizens. Fekry …
ETA completes preparations to implement decision to submit tax return declarations online
The Ministry of Finance confirmed that the Egyptian Tax Authority (ETA) has completed its preparations to begin implementation of the decision of the minister of finance obligating the tax community to submit tax returns online. Thus, the ETA has prepared many online facilities and equipment to facilitate the implementation of the decision by the tax …
SMEDA renegotiates Ministry of Finance on tax incentives in MSMEs law
We are in contact with new finance minister, look forward for discussion in new parliamentary session: Gamea
Extend time of real estate tax collecting without a fine until 15October: Finance Ministry
With the approval of Prime Minister Mustafa Madbouli, , Mohamed Maait Minister of Finance issued a decision to extend the deadline for the collection of real estate tax without penalty delay until 15 October 2018, according to press statement on Thursday. The statement said that this decision is considered to facilitate the taxpayers and to …
ETF discusses submitting memorandum to Finance Ministry to reconsider real estate tax calculation
Law subjects workers, service establishments to tax, says Rady
121% growth in tobacco tax revenue over last five years
Cigarette companies demand expansion of tax segments, but government ignores it
EGP 157bn increase in tax revenues in FY 2017/2018: Finance Minister
Decrease in budget deficit to reach 9.8% in FY2017/2018 compared to 10.9% in FY 2016/2017
Parliament asks for three-month report on tax disputes
Tax disputes referred to judiciary are about 150,000, including appeals against income, sales taxation, VAT, stamp duties
Social media experts demand low tax rate on social media ads to avoid affecting market
Without Facebook, Google, different social media platforms’ cooperation, there is no mechanism or methodology to determine costs of such ads, says expert
Minister of finance agrees to drop EGP 2.1m income tax owed by 150 clients
Minister of Finance Amr El-Garhy approved the decisions of the Egyptian Tax Authority’s higher committee for tax remission to drop 150 financiers’ dues of EGP 2.117m, according to a statement from the Ministry of Finance on Wednesday. The minister said that these decisions come in order to ease the burden of financiers and establish bridges …
Tax revenues reached 100% of target from start of FY through April: ETA head
Some artists who receive millions of pounds do not pay all taxes
Trump’s tax cuts have little impact on hiring in the US
Tax experts encourage corporations to e-file
Market awaits president’s signature on law adjustment, says Hossam Nasr
NBE extends working hours to 5 pm at 65 branches to provide electronic tax payment services
The National Bank of Egypt (NBE) decided to extend its working hours at 65 of its branches until 5:00 pm to provide electronic tax payment services in the periods between 25 and 29 March 2018 and from 22 to 30 April, according to Yehia Aboul Fotouh, chairperson of the bank. Aboul Fotouh explained that this …
Israel backtracks on plans to tax churches in Jerusalem
Israel has suspended a plan to tax church properties in Jerusalem following a backlash. In response, Christian leaders have reopened the Church of the Holy Sepulchre after closing it due to the controversial measures. The Israeli government said on Tuesday it would suspend a controversial tax and expropriation bill that Christian leaders in Jerusalem had …
Taxpayers can now submit tax declarations on ETA website
Legislative amendment referred to parliament to allow submission of tables, clarifications of tax declarations 60 days after the end of the submission season
Activation of online tax declaration service starts this week
Online inquiry available for results of form 41 of tax collection system
Finance Ministry prepares to replace stamp duties with capital gains tax on stock market transactions
Plan to automate all taxation operations within 3 years, terminating paperwork
Parliament tentatively agrees to renew tax dispute settlements law for 2 years
Planning and budget committee proposed 1 year, plenary session took government’s draft