Egypt's President Abdel Fatah al-Sisi Egypt's President Abdel Fatah al-Sisi

Sisi orders to accelerate pace of settling tax disputes

Fri, Sep. 14, 2018
CAIRO - 14 September 2018: Egypt's President Abdel Fatah al-Sisi instructed the government on Thursday to speed up the pace of settling tax disputes in order to boost the confidence of taxpayers and investors, presidential spokesperson Bassam Rady said.

Sisi made the remarks during his meeting with Prime Minister Moustafa Madbouly and Minister of Finance Mohamed Maait, the president also instructed taking all measures required to implement the economic reform program, so that it can achieve the desired goals.

Egypt’s tax revenues increased to LE 628 billion in fiscal year 2017/2018, compared to LE 433 billion in the previous fiscal year 2016/2017.

Sisi also ordered accelerating the implementation of the project of restructuring the tax authority in accordance with an integrated strategic planning.

Rady added that the meeting addressed the progress in the economic reform program, details of the state budget, and a number of projects currently implemented by the finance ministry.

Egypt has started its three-year $12 billion loan program in late 2016, after a tight agreement of a reform program including tough procedures of energy subsidies cuts, new taxes and flotation of national currency to get back investors.
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