tax

Tax revenues surged 21% annually in FY2022/2023, Finance Minister

Sun, 11 Feb 2024 - 06:08 GMT

The minister added that Egypt has accumulated around LE 171 billion in the July 2023 – January 2024 period

Egypt's National Dialogue: proposal to incriminate owners of informal enterprises

Wed, 06 Sep 2023 - 03:10 GMT

Economic Expert and Member of Al Masreyin Al Ahrar (The Free Egyptians Party) Mohamed Badra attended Tuesday the National Dialogue's session on public debt and budget deficit putting forward two suggestions.

Egypt sets strategies to lure investments into specific sectors: GAFI chairman

Mon, 07 Aug 2023 - 05:32 GMT

Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba told press Monday that strategies are being set to bolster specific sectors.

Egypt, Oman sign MoUs on taxation, financial policies

Mon, 22 May 2023 - 01:03 GMT

Also, an Egyptian-Omani Business Forum was held to acquaint the Egyptian business community with investment opportunities in the neighboring Arab state.

Egyptian president raises amount of tax-exempted annual income to LE36K

Sun, 19 Mar 2023 - 05:13 GMT

The decree came out during a meeting the president held Sunday to discuss the FY2023/2024 draft budget.

Taxes raise Egypt's revenues to LE 572.55B in 6 months

Tue, 07 Mar 2023 - 02:55 GMT

Egypt's revenues rose to LE 572.55 billion during the period from July to the end of last December, compared to LE 499.63 billion during the comparative period of the previous fiscal year.

Egypt, Qatar sign agreement to avoid double taxation

Mon, 27 Feb 2023 - 03:14 GMT

The agreement was signed during the PM’s first official visit to Doha, upon an invitation by his Qatari counterpart, to discuss future cooperation between the two countries.

Finance ministry getting ready to launch incentive program

Sat, 17 Dec 2022 - 11:11 GMT

Finance Minister Mohamed Maait said that the Ministry of Finance and the Egyptian Tax Authority are getting ready to launch an incentive program under the rubric “your bill, your protection, your prize” which is the first program of its kind to make the citizen a basic partner for the success of electronic taxes.

Parliament approves new law to bypass 65% of fines and interest on tax arrears

Sun, 17 Jul 2022 - 12:49 GMT

“The door will be opened for filing tax disputes after the end of the Eid al-Adha holiday, and until the end of December of this year; this will help alleviate the burdens on the productive sectors in light of the negative repercussions of the war in Europe,” the Finance Minister said.

Tax revenues record LE 816B in 11 months

Mon, 27 Jun 2022 - 05:26 GMT

Tax receipts from sovereign authorities increased by about LE 12.3 billion, or 11.8 percent, to reach LE 117 billion during 11 months, compared to about LE 104.7 billion during the same period of the previous fiscal year.

Egypt aims to exceed its tax revenue to surpass LE1T in 2022/23

Mon, 09 May 2022 - 02:24 GMT

Egypt aims to achieve tax revenues of LE 1.16 trillion during the next fiscal year, compared to expected tax revenues of LE 983.01 billion during the current fiscal year.

Tax Authority urges companies to quickly join e-invoice system

Thu, 21 Apr 2022 - 11:15 GMT

Reda Abdel Qader, chairperson of the authority, called on the companies obligated to join the system in its seventh phase, to quickly implement the registration procedures as well as obtain the electronic stamp before June 15.

Egyptian president instructs government to prepare bundle of financial measures to face global economic downturn

Mon, 21 Mar 2022 - 11:02 GMT

While checking the FY2022/2023 draft budget, President Abdel Fatah al-Sisi instructed the government to immediately prepare a bundle of financial and social protection measures.

1st field campaign launched to provide free technical support for tax payers

Sun, 20 Feb 2022 - 01:45 GMT

In a press release on Sunday, he added that this comes within the finance minister’s directives in which the campaign will start in Gharbiya governorate.

Details of draft law amending some provisions of Egypt's Income Tax Law

Wed, 02 Feb 2022 - 12:50 GMT

The first tranche: Up to an amount of LE 250,000, an amount of LE 1,500 will be obtained.

E-invoice system an important step to digital transformation to achieve Egypt's Vision 2030

Wed, 05 Jan 2022 - 03:16 GMT

Abdel Kader added that they are continuing to complete all stages of the system within the specified times.

Egyptian Tax Authority warns those who engage in e-commerce activity without license

Sun, 02 Jan 2022 - 11:01 GMT

Abdel Kadir pointed out that some merchants and sellers on some electronic platforms practice e-commerce activity, without having tax files for them at the authority.

Tax evasion campaigns continue, says Maait

Thu, 30 Dec 2021 - 06:11 GMT

He expounded that magnifying revenues would reduce the budget deficit, public debt and inflation rates.

Egypt to exempt tax to support industry, stimulate economic growth in “value-added” amendments

Mon, 13 Dec 2021 - 03:47 GMT

It added in a statement that the amendments aim to address some of the problems that have emerged during the practical application of the provisions of this law.

Egypt announces signing int'l agreement on tax of giant technology companies next June

Sun, 28 Nov 2021 - 01:35 GMT

It contributes to addressing the tax challenges arising from the digitization of the economy, so that multinational companies pay a fair share of taxes wherever they operate and generate profits in different countries of the world, Youssef clarified.

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