Latest in Tag: Egyptian Tax Authority Highlight
Latest in Tag: Egyptian Tax Authority

Egyptian Tax Authority, FEDCOC sign protocol to define procedural rules for collecting tax on gold, precious stones
Abdel Kader pointed out that signing this protocol comes within the authority’s endeavours to correctly apply the provisions of the Value Added Tax Law promulgated by Law No. 67/ 2016 and its executive regulations issued by the Minister of Finance’s Decree No. 66/ 2017.

Egyptian Tax Authority meets stakeholders to discuss obstacles of tax automation
Abdul Qader said, in a statement on Wednesday, that the Large Taxpayer Center is holding meetings with senior accounting and auditing offices to exchange views on the electronic system of ETA and the difficulties they face.

Egyptian Tax Authority clarifies taxation on online delivery restaurants
VAT on online restaurants and shops aids tax justice, says Reda Abdel Kader

Finance Ministry continues receiving comments on unified tax procedures regulations
Inquiries can be sent on websites of both ministry and Egyptian Tax Authority

2 arrested for attempting to bribe Tax Authority official: Finance Minister
Both referred to prosecution, which ordered their detention pending investigation

Companies unregistered on e-invoicing system to be excluded from Large Taxpayer Center
Exporters will not be able to benefit from state’s export subsidies as of 1 July 2021, except after joining e-invoicing system

Tax Authority forms team to support financiers in joining e-invoice system
Reda Abdel Kader, Chairperson of the Egyptian Tax Authority (ETA), has formed a work team to provide support to financiers wishing to join the electronic invoice (e-invoice) system.

Finance Ministry urges taxpayers to promptly settle tax disputes before year-end
Vice Minister of Finance for Appeal Committees and the Dispute Resolution Committees, Hesham El-Hamawy, called on taxpayers who have tax disputes with the Egyptian Tax Authority, to promptly submit requests to end the disagreement. El-Hamawy said that the deadline for accepting tax dispute settlement requests will extend to 31 December. He confirmed that Law No. …

ACA arrested head of Egyptian Tax Authority over bribe charges
Deputy head of the Egyptian Tax Authority Reda Abdel Qader appointed as temporary acting head

Egyptian Tax Authority achieves 102% surplus for first time: Tax Inspection Manager
Taxes account for 75% of state resources

Global Telecom settles $136m tax dispute
Veon declines GTH offer price to EGP 5.08m after new tax settlement

ETA considers including electric cars in discounted VAT or exempting them
Incentives for electric cars creates competitive market, will help companies to manufacture them: George

ETA completes preparations to implement decision to submit tax return declarations online
The Ministry of Finance confirmed that the Egyptian Tax Authority (ETA) has completed its preparations to begin implementation of the decision of the minister of finance obligating the tax community to submit tax returns online. Thus, the ETA has prepared many online facilities and equipment to facilitate the implementation of the decision by the tax …

ETA will not accept any cash payments over EGP 5,000 starting January 2019: ETA deputy
Mohammed Abdul Sattar, deputy head of the Egyptian Tax Authority (ETA), said that the coming period will see a big boom in the reform of the tax administration, the automation of all checks and payments, and the submission of declarations, allowing the preparation of an integrated database of financiers. Abdul Sattar said that as of …

Tax revenues reached 100% of target from start of FY through April: ETA head
Some artists who receive millions of pounds do not pay all taxes

Tax reconciliation with SMEs contradicts function of Egyptian Tax Authority
Supreme Council for Investment approves tax exemption for profits of land reclamation projects that produce imported or exported crops

14 banks among Egypt’s top taxpayers for this season: head of Large Taxpayer Center
For the current tax season 2015/2016, 14 banks came among Egypt’s top taxpayers, according to Osama Tawakol, head of the Large Taxpayer Center at the Egyptian Tax Authority. Tawakol said the 22 names on the list include 14 banks, two telecommunications companies, and five petroleum and petrochemicals companies. He added that the Commercial International Bank …

Committee formed to resolve Samsung’s tax, custom issues
We plan to increase our investments in Egypt through establishing three factories with $300m investments, says Chairman of Samsung

EGP 5bn tax proceeds to E-Finance over 5 years: Company chairman
E-Finance working to increase online proceeds from taxes in near future, to increase economic growth rates
Orascom construction IPO expected during the first half of 2015: Company official
Company has not decided country for initial IPO yet

Tax amendments require factories to repay gas consumption: Finance minister
Decision aims to resolve disputes between companies and EGPC in collecting natural gas payments, according to Tax Authority
The Egyptian Tax Authority warns of pending administrative freeze on 13 petroleum companies; Ministry of Finance refuses to settle the debts
The Egyptian Tax Authority warned 13 public and private/public petroleum companies that they face an administrative freeze, and it has refused to accept their tax returns to date. This follows the Ministry of Finance having refused to settle the companies’ tax debt, which is estimated at EGP 3bn owed to the Tax Authority, according to …

Sawiris returns to Egypt
Greeted by presidential envoy

New initiative to encourage online tax payments
350 post offices set to join in ‘Participate’, the country’s new electronic tax payment system

Tax Authority: Tax revenues jumped 8% in 9M 2012-2013
Former Chairman of Tax Authority calls increases ‘an outcome of economic crisis not economic activity’

Tax on tourist facilities to apply from July
Government killing tourism industry, says vice chairman of hotels division at Cairo Chamber of Commerce

‘Ministry of Finance owes contracting sector EGP 13bn in dues’
CEO of Egyptian Federation for Construction and Building Contractors says the government recognises only EGP 8bn of EGP 13bn debt accrued since revolution

OCI will discuss tax allegations with ETA on 10 March
Workers from all Orascom companies blocked the Corniche road Wednesday in protest over the travel bans imposed on Onsi and Nassef Sawiris

EGP 122.2bn in taxes collected by 4 March
Taxes collected so far amounted to 86% of previous tax assessment figures, said the Egyptian Tax Authority

Egypt Post to offer electronic tax payment services
The service will be available to individuals, companies and institutions, with 360 payment centres already up and running