tax

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.

Egypt aims to increase tax revenues by 2% of GDP in 4 years

Wed, 24 Nov 2021 - 06:19 GMT

Maait clarified that this is the result of the careful implementation of harmonious and balanced financial and economic policies.

Total number of companies applied to e-invoice system hit 4.2K, 5th phase to start on Dec.15

Sun, 21 Nov 2021 - 12:38 GMT

Abdel Kader said in a statement, Sunday that more than 82 million electronic invoices have been sent to the system since its activation until now.

Egypt applies taxes on bloggers, youtubers with LE 500K revenues

Sun, 26 Sep 2021 - 12:44 GMT

Abdel Kader clarified that the Ministry of Finance is closely following the Tax Authority to list transactions that take place through electronic platforms, and determining who does them, to include informal economy of the official system, and to reclaim the rights of the state’s public treasury.

Finance min.: Automating real estate tax management system to facilitate access to access to e-services

Tue, 04 May 2021 - 03:03 GMT

This step is also in line with Egypt's Vision 2030 and the country's digital transformation strategy, the Finance Ministry said in a statement on Tuesday.

Egypt launches tax solution company "E-Tax"

Tue, 06 Apr 2021 - 02:22 GMT

This came in the presence of Deputy Minister for Public Treasury Affairs, Ehab Abu Aish, and Deputy Minister for Financial Policy and Institutional Development Ahmed Kojak.

Egypt denies imposing new taxes after increasing minimum wage

Tue, 16 Mar 2021 - 01:13 GMT

Maait said in a TV interview that the state will continue to increase the tax collection by expanding the base of financiers and improving the collection mechanism.

Sisi approves Egypt's accession to Tax Base Erosion Prevention Agreement

Thu, 04 Mar 2021 - 01:36 GMT

The agreement is related to preventing the erosion of the tax base and the transfer of profits, approved in Paris on November 24, 2016, and signed by Egypt on June 7, 2017.

Egyptian gov't reviews cases exempted from real estate disposal tax

Sun, 28 Feb 2021 - 02:48 GMT

Cases exempted from the tax on real estate transactions according to the law, are "providing the property as an in-kind share in exchange for a share in the capital of a joint-stock company, provided that the corresponding shares are not disposed of for a period of five years."

Taxing digital economy

Wed, 27 Jan 2021 - 03:55 GMT

The size of digital economy ranges between 4.5% and 15.5% of the world's economy, according to UNCTAD.

Finance minister says state serious about combating tax evasion

Tue, 26 Jan 2021 - 01:18 GMT

In a ceremony to honor Salah Mohamdy, head of the Public Taxes Mission Corporations, the minister thanked the tax officers who expose corruption and reject bribes .

Egypt settles taxes owed by oil companies worth LE 16B

Thu, 14 Jan 2021 - 04:02 GMT

Total tax revenues increased by about 10 percent during the period from July to December 2020, to reach about LE 334 billion, compared to LE 304 billion during the same period of the previous fiscal year.

Deadline for real estate tax declaration submissions extended to March

Tue, 29 Dec 2020 - 01:36 GMT

Chairman of the Real Estate Tax Authority Anwar Fawzy stated that the declarations also include floors and units added to existing buildings.

Dispelling fears of bankruptcy

Sat, 03 Oct 2020 - 07:17 GMT

The onset of COVID-19 has brought about fears of bankruptcy for companies globally.

Egypt's Finance min.: Putting into effect tax income amendments to alleviate burdens on people

Sat, 01 Aug 2020 - 09:43 GMT

He said this will contribute to promoting justice with regard to taxes as tax slices would alleviated burdens on people.

Law of delinquent taxes to alleviate burden on financiers, says minister

Tue, 21 Jul 2020 - 10:03 GMT

This law guarantees quick collection of state dues and maximizes government ability to offer services during that pandemic, Mait said in a statement.

House okays bills amending stamp, income tax laws

Mon, 20 Jul 2020 - 03:31 GMT

Also, the parliament endorsed a bill amending some provisions of income tax law no. 91/2005.

No new tax levied on mobile lines - official

Sun, 19 Jul 2020 - 01:05 GMT

This raised mobile lines' annual subscription from six to 8 pounds to be deducted from mobile phone charge cards by 68 piasters monthly.

Finance Ministry denies levying monthly tax on iPhone users

Wed, 24 Jun 2020 - 04:01 GMT

In a statement on Wednesday, the ministry dismissed as groundless statements attributed to Finance Minister Mohamed Maait in this regard.

Deadline for filing added value tax returns extended to May 10

Thu, 30 Apr 2020 - 12:05 GMT

The move comes as part of the tax authority's measures to ease the collection process for all the taxpayers amid the coronavirus crisis.

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