Latest in Tag: ETA Highlight
Latest in Tag: ETA

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

ETA, Uber Egypt agree on mechanism to collect VAT: Finance Minister
The Minister of Finance, Mohamed Moeit, announced that an agreement was reached between representatives of the Egyptian Tax Authority (ETA) and Uber Egypt to collect the value added tax (VAT) from the tech firm in application of the provisions of Law No 67 of 2016. Moeit said that the agreement comes as result of the …

ETA considers offering incentives to encourage use, local manufacturing of electric cars
Income tax reduced to encourage companies to manufacture electric cars locally: George

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 …

Parliament seeks to meet ETA again in March to discuss development
Tax revenues rose to EGP 55.9bn in July-August 2017 from EGP 37.9bn in prior year

ETA launches convoy to promote Egypt tourism in 4 German cities next week
The number of German tourists during the first half of this year reached 503,000 tourists, up by 66% y-o-y, spending 5.1 million tourist night, up by 124%, toping the tourism exporting markets to Egypt

ETA asks tourism companies to promote Pope’s visit to Egypt end of April
Occupancies hiked in Hurghada in the recent period, as Egyptian and foreign families visit for Easter holidays, before falling back to under 40%

ETA pens plan to attract tourists from central Europe, Asia, North Africa
Egypt can attract 700,000-800,000 tourists from these markets if coordination is established

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

Tax reconciliations amounted to EGP 48m in 2015: ETA
Sales tax proceeds amount to EGP 1.5bn, while income taxes collected record EGP 165bn

Government did not yet determine VAT rate, execution depends on political leadership: Head of ETA
The burden on citizens will not increase after tax application
Company facing defamation campaign by a foreign investor: ETA
630 employees and their families are threatened

Visa, ETA seek to promote tourism with fan-made videos
Five winners will be selected over a five-week period
Euromoney Conference: Egypt eyes more southeast Asian, Gulf tourists
The Egyptian Tourist Authority (ETA) seeks to attract more tourists from Asian and the GCC (Gulf Cooperation Council) as visitors from these countries have largely stayed away since the 25 January Revolution due to political unrest. The authority will focus on Chinese and Indian markets as they represent two of the world’s fastest growing economies. …
Euromoney Conference: ETA marketing budget to be cut by 25%
Marketing budget cuts pushes Egyptian Tourism Authority to make-do with participation in international bourses and increase private sector coordination

ETA reveals top 10 taxpayers for FY 2012-2013
Banks dominate list

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

EGX 30 drops to lowest level in three months
NSGB tax deal pulls indices down

OCI case pulls EGX down
Another meeting between OCI and the Egyptian Tax Authority scheduled for Sunday

‘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

Mobile phones sales tax increases by 5%
The sales tax was initially introduced last December and amounted to 18% for mobile phone calls

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
Net profit taxes on SMEs is illogical traders say
Advance estimate of profits impractical