Egypt signs "Yaoundé Declaration" on tax transparency: Finance ministry

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Wed, 27 Nov 2019 - 12:01 GMT

Minister of Finance Mohamed Ma’it during the meeting- Press photo

Minister of Finance Mohamed Ma’it during the meeting- Press photo

CAIRO, Nov 26 (MENA) - Egypt has signed the "Yaoundé Declaration" during the 10th Anniversary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Paris, the Ministry of Finance announced on Tuesday.

The move puts the country in a list of some African countries including, Cameron, Uganda, Ghana, Congo, South Africa, Morocco and Tunisia, the ministry said on its official Facebook page.

The declaration serves as an international cooperation document that encourages the signed African states to increase information sharing and promote transparency in tax dealings, as well as countering illicit cash flows, the ministry said.

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