Latest in Tag: finance ministry Highlight
Latest in Tag: finance ministry
Finance Ministry to issue 27 tenders for treasury bills and bonds worth EGP 270bn
The ministry is expected to issue 16 bids for bills worth EGP 217bn and 11 bids for bonds worth EGP 53bn
Outstanding balance of local T-bills, bonds amount to EGP 4.348trn in October 2022: Finance Ministry
Ministry of Finance also offered dollar-denominated bonds of $34.21bn from June 2015 to September 2021
Outstanding balance of T-bills, bonds registers EGP 4.275trn in September 2022: Finance Ministry
Banks operating in Egyptian market are largest investors in bonds, T-bills
Finance Ministry includes 5 new governorates in vehicle replacement initiative
The initiative also now includes 31 participating banks
Finance Ministry intends to offer EGP 338.5bn worth of T-bill, bond issuances in November
20 offering of T-bills worth EGP 271bn and 17 bond issuances worth EGP 67.5bn
Finance Ministry forms integrated appeal committees to settle tax disputes
The committee will specialise in disputes related to the taxes stipulated in the income tax law, the stamp tax law, the financial resources development fee law, and the value-added tax law.
Finance Ministry plans to issue 28 bids for treasury bills and bonds worth EGP 251.5bn
The ministry is offering 16 bids for bills worth EGP 211.5bn and 12 bids for bonds worth EGP 40bn
Outstanding treasury bills, bonds valued at EGP 3.96trn in June 2022: Finance Ministry
According to a report released by the ministry on its website on Tuesday, the outstanding treasury bills amounted to about EGP 1.518trn in June, comprising EGP 844.599bn in 364-day bills, EGP 307.113bn in 273-day bills, EGP 122.625bn in 182-day bills, and EGP 244.320bn in 91-day bills.
Finance Ministry gives taxpayers until end-August to benefit from tax concessions
Original tax must be paid before end of August to cancel 65% of delay fees
Egypt, Jordan to facilitate customs procedures, stimulate intra-trade movement: Finance Ministry
An electronic link is being established between Nuweiba and Aqaba Customs
Finance Ministry calls for accelerating tax payment before end-August
65% of delay fees will be overridden in case of early payment
Korean Embassy, Finance Ministry organise forum supporting Korean companies in Egypt
The best way to stimulate Korean investments in Egypt is to showcase the success stories of Korean companies and ease their difficulties: Korean Ambassador
Finance Ministry plans to issue 28 T-bill, bond bids worth EGP 196bn in June
16 T-bill bids worth EGP 171bn and 12 bond bids worth EGP 25bn
Finance Ministry plans to issue 35 T-bill, bond offerings worth EGP 244bn in May
Plan includes 20 T-bill bids worth EGP 213.5bn, 15 bond bids worth EGP 30.5bn
Paper invoices will not be considered in deducting or refunding VAT as of 1 July: Finance Ministry
The decision includes not taking into account paper invoices in deducting or refunding VAT starting from 1 July, so that only electronic invoices will be considered, with the exception of paper invoices issued by companies or establishments before they were obligated to implement the electronic invoice system as well as invoices issued by companies or establishments that the Tax Authority has not decided to obligate to transition to an electronic system, taking into account the technical specifications and standards of the electronic system contained in the executive regulations of the Unified Tax Procedures Law.
Finance Ministry provides EGP 420.5bn to Social Insurance Authority within 30 months: Maait
This was to pay the dues of insurances that had accumulated over half a century in light of the Social Insurance and Pensions Law No. 148 of 2019, ensuring the provision of the necessary financial liquidity to serve pensioners, their beneficiaries, and the insured, as well as fulfilling all obligations towards them.
82% of state agencies, 69% of economic authorities adopt PPBB in their budgets: Finance Ministry
Maait added that more than 3 years ago, the ministry launched an ambitious programme to build the capacities of government workers specialized in preparing and implementing the PPBB, in a way that contributes to the development of human cadres and ensures the achievement of the desired goals.
Finance Ministry cooperates with CPA to prevent harmful practices in public contracts
In a statement, the ministry pointed out that there is continuous follow-up to the implementation of the law regulating public contracts; in order to ensure the efficient distribution of the state’s economic resources, reduce any practices that harm public money, and contribute to alleviating the burdens on the state’s general budget through the state’s administrative authorities obtaining their needs at a lower cost and higher quality.
Switching to electronic budgeting helps state handle internal, external challenges: Finance Ministry
26,000 importers have joined ACI system, and more than 164,000 ACIDs have been issued so far
Egypt’s Finance Ministry expects 1 million electronic tax invoices per day by March 2022: Maait
Informal economy represents 55% of Egyptian economy, says Finance Minister
Egypt’s Finance Ministry to issue EGP 242.75bn of T-bills, T-bonds in November
20 planned T-bills auctions worth EGP 179.5bn, 19 T-bonds auctions worth EGP 63.25bn
Finance Ministry aims to increase sources of funding, capital market demands tax justice
Yield curve reflects risks of different terms: Sharkawy
Finance Ministry to issue EGP 195.25bn worth T-bills, bonds in October 2021
Issuance includes 16 T-bill offerings worth EGP 144bn, 15 bond offerings worth EGP 51.25bn
Egypt accounts for EGP 347bn of global Islamic banking of $2.7trn: Finance Ministry
Finance Ministry cooperates with FRA, Al-Azhar, and Islamic banks to issue regulations of Sukuk Law
Finance Ministry integrates income, value-added tax collection offices in September
Ministry is moving strongly to accelerate digitizing tax system
Egypt’s Finance Minister meets counterparts in Uzbekistan, Kuwait, Saudi Arabia, Sudan
‘We seek to support development initiatives in Egypt,’says President of ITFC
Egypt’s Finance Ministry ends administrative forfeiture on 3k defaulting taxpayers
Defaulting taxpayers pay 1-10% of due taxes, amounting to EGP 159.7m
Egypt spends EGP 92.8m in green incentives to replace 4kobsolete cars: Finance Minister
Government aims to deliver 300 new microbuses per month on first-come, first-served basis
Egypt’s Finance Ministry updates ‘Nafeza’ e-platform to facilitate business procedures
Local importers, exporters shall not receive or renew their commercial register unless they join ACI customs system, as of mid-August
3,000 citizens benefit from obsolete vehicle replacement initiative: Finance Ministry
The ministry said that deliveries started from April through the end of July. During this period, about EGP 73.3m, the value of the green incentive, has been spent.