Google will apply new 14% VAT on its services in Egypt on 1st of July

Sun, 04 Jun 2023 - 04:04 GMT

Google noted that it will charge the VAT on its “e-services unless we have your Egyptian Tax ID number”

Income Tax Law amended, increases annual income tax exemption to LE36,000

Tue, 30 May 2023 - 12:20 GMT

The income tax imposed on individuals earning more than LE 1.2 million annually is expected to generate around LE 4 billion, said Mohamed Maait, Finance Minister, in a separate statement

Egypt to facilitate VAT exemptions for imported production equipment

Thu, 18 May 2023 - 03:40 GMT

Companies can now submit a pledge, either personally or through a legal representative, with a certified signature from banks

Egypt's law allocates special account for spending measures of stray animals

Tue, 04 Apr 2023 - 11:09 GMT

Egypt's law allocates a special account to organize spending measures of stragy animals

Egypt approves lifting taxes on imported mobile phones components

Mon, 20 Feb 2023 - 06:34 GMT

The amendment aims to lift the tax of “advancing financial resources” off both the components needed for local mobile phones production and the locally manufactured end product, while maintaining the same tax on imported counterparts used for commercial gains.

Egypt allows expats to import passenger car without customs duties

Thu, 13 Oct 2022 - 03:37 GMT

The draft law stipulates that “an Egyptian who has a valid residency abroad has the right to import one private passenger car for his personal use, exempt from taxes and fees that had to be paid to release the car, including the value-added tax and the schedule tax.

Egypt, Luxembourg discuss concluding agreements on double taxation avoidance, aviation services

Mon, 20 Jun 2022 - 11:14 GMT

Minister of Foreign Affairs Sameh Shokry was received early on Monday by his Luxembourgish counterpart Jean Asselborn.

Egypt's Tax Authority announce facilities for owners of MSMEs

Sun, 03 Apr 2022 - 01:29 GMT

Abdel Kader pointed out that this comes within the framework of cooperation between the Ministry of Finance and the Authority with the MSMEDA to facilitate the owners of medium, small and micro enterprises to register at the tax authority.

Egypt aims to raise private sector's contributions to economy to 50%

Mon, 01 Nov 2021 - 02:23 GMT

Taxes digitization projects are a successful model for partnership with the private sector, as the national project to modernize and mechanize the tax system, with its various tributaries, is being implemented in cooperation with major international companies operating in Egypt.

Revenues from selling, creating online content 'subject' to taxes: Egypt's Finance Min.

Sun, 03 Oct 2021 - 02:56 GMT

Advisor to the Minister of Finance for Tax Affairs stated that an independent unit has been established in the Tax Authority for e-commerce, and decisive legal measures have been taken against violators.

Egypt denies imposes new taxes on EGX: Finance Minister

Mon, 06 Sep 2021 - 12:20 GMT

The Egyptian minister said in a statement, Monday that the imposition of laws can only be done through legislation approved by the Cabinet and approved by the House of Representatives, and not by ministerial decisions.

Egypt's real estate transaction tax achieves LE7B annually

Tue, 29 Jun 2021 - 03:47 GMT

Maait added that the real estate tax is one of the oldest types of taxes in the legislative system, noting that it is a tax imposed when real estate is disposed of by sale, and the burden of which is borne by the seller, not the buyer.

Tax authority sets March 31 as deadline for receiving real estate tax statement

Wed, 24 Mar 2021 - 11:37 GMT

Any house valued less than LE 2 million will be exempted from tax but its owner should present his statement before the end of this month.

Maait to MSMEs: Simplified tax based on volume of business

Mon, 11 Jan 2021 - 03:59 GMT

The tax, under the new law, will be a simplified one that doesn’t require records, documents or purchase invoices.

Automated tax procedures system to be finalized on all tax offices in 2022

Sun, 03 Jan 2021 - 03:58 GMT

Maait stated in a statement Sunday that the four stages include: "Greater Cairo, Alexandria and West Delta, East Delta, the Canal and Sinai, then Upper Egypt."

Egypt exempts bonds offered abroad from taxes, fees

Wed, 11 Nov 2020 - 03:25 GMT

This came during the weekly meeting of the Egyptian Cabinet headed by Mostafa Madbouly, where he discussed many important files and issues.

No prejudice to exemptions contained in Egypt's agreements concluded with foreign countries: Min

Tue, 18 Aug 2020 - 05:19 GMT

The draft law “canceling the exemption decided on the returns of treasury bills, bonds and capital gains resulting from dealing on these bills and bonds from income tax” approved by the Parliament's Plan and Budget Committee, will not affect the exemptions established in the agreements concluded between the government and foreign countries

Egypt calls on financiers to take advantage of tax arrear exemptions law

Tue, 18 Aug 2020 - 11:21 GMT

The delay fee or additional tax due on these tax arrears will be waived by 90 percent, if the original tax or fees due are fully paid within a maximum period of 60 days from the date of work with

Political leadership keen on automating Egyptian Tax Authority, applying e-bill system

Thu, 23 Jul 2020 - 12:12 GMT

Maait thanked the companies who joined the experiment operation phase of the e-bill system.

Cabinet denies imposing new taxes on mobile service

Thu, 23 Jul 2020 - 12:08 GMT

The ministry asserted that it does not intend to slap new taxes on mobile services, either phone calls or SMS.