Latest in Tag: income tax Highlight
Latest in Tag: income tax
Legal principles for settling income tax disputes must be unified: Finance Minister
This will ensure justice when deciding on tax appeals, says Maait
Egypt’s e-commerce merchants, online content creators asked to register for income tax ASAP
Abdel Qader said that the ETA allocated hotline 16395 to receive inquiries related to taxation of e-commerce and online content creation activities.
Electronic traders allowed to register for income tax with home address: ETA
Ministry of Finance includes e-commerce in tax community to achieve tax justice, says Reda Abdel Qader
Tax exemption limit increases 60%, no income tax on salaries up to EGP 24,000
The amendments come under Income Tax Law 26/2020, that aims to improve tax brackets, whilst addressing and rectifying the distortions of previous system that were based on tax deduction. The amendments to Egypt’s Income Tax Law aim to help reduce the burdens on citizens.
Cabinet approves new income tax facilities in response to COVID-19
The new measures allow payment of 2019 income taxes in instalments until 30 June without any charges for delays in payment. Moeit said the instalments will be divided into 20% of the tax due in April, 30% in May, and 50% before the end of June.
Jordan PM resigns amid demonstrations over income tax, price hikes
King Abdullah II summons PM in response to protesters’ demands of toppling government
Government turns down Support Egypt coalition proposal to raise income tax threshold to EGP 24,000
Last legislative term, budget committee sent three proposals to Ministry of Finance on lifting income tax exemption limit
Finance Ministry considers increasing income tax for some sectors
Some sectors have not achieved targeted tax, therefore ministry targetting tax structures to increase tax revenues
Ministry of Finance prepares new legislation for income tax, customs, tenders and auctions: El-Garhy
The ministry targets to increase tax revenues to 15% of GDP
Passing incremental income tax law hinders investments: MPs
Egypt is suffering from a lack of tax discipline, increasing rates creates instability, says Omar
No decrease in income tax in Suez Canal Economic Zone investments: Salman
No studies to decrease the tax in the Suez Canal Zone were presented to the government
Ministry of Finances announces tax revenue for first third of FY 2015/2016
EGP 18bn increase in revenue compared to 2014/2015 FY attributed to reforms implement in the tax code
Reduction of 22.5% income tax in SEZone possible: Darwish
Dimian requested increasing 10% tax rate in the Suez Canal Zone to 22.5%
EGP 14bn in net profits recorded by 135 EGX-registered companies
39 companies recorded EGP 570m in total losses in H1 of 2015
Al-Sisi imposes new temporary tax on income
Presidential decree stipulates imposing 10% tax on companies and individual revenues
Government widens exempted tranche of tax income
Economic expert and advisor to the Minister of Planning Abdel Fattah El-Gebaly said the move will increase the net income of employees, noting that it curbs inflation on the long-term
Finance minister amends executive income tax regulation
Amendments entail imposing tax on dividends achieved by an individual whose transactions do not exceed EGP 5bn during tax period
Income tax unified at maximum 22.5%: Finance minister
The minister unifies income tax for 10 years days before economic summit
Al-Sisi obliges financial services, public sector to pay income tax electronically
Finance minister said amendment helps managing public debt as it improves flow of tax revenues to the CBE
12.5% deficit in FY 2013/2014 budget, financing gap valued at EGP 10-11bn: Finance minister
CBE’s temporary ‘financial’ account is strategic reserve and will not be used to solve budget deficit
Al-Sisi imposes new taxes on Egyptians at home and abroad
President also issues tax on capital gains on stock market
Discrepancy between tax revenue and cash in CBE is normal: Tax Authority
Tax Authority announced that it has collected EGP 80.3bn, while the tax revenue in the CBE is EGP 49.81bn.
Shura Council approves income tax law
Top tier tax bracket expands to include those earning above EGP 250,000
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’
IMF loan talks to resume in March
IMF loan negotiations with Egypt are to resume early March after talks were postponed due to the country’s political turmoil and economic slump, Morsi’s recent austerity measures aim to make Egypt eligible for the loan