Latest in Tag: ministry of finance Highlight
Latest in Tag: ministry of finance
Finance Ministry to issue commemorative currency for New Suez Canal
It will be available to the public by end of August
Finance ministry issues 2 treasury bonds to finance pensions
Value of treasury bonds is EGP 14.1bn
Eastern Company’s FY 2014/2015 net profit rises by 19.2%
Value registered at EGP 1.08m, compared to EGP 908,405 in previous fiscal year
Ministry of Finance, public banks in new disagreement
Ministry demands government banks reduce volume of retained earnings, banks believe they are necessary to support capital base
Ministry of Finance, public banks in new disagreement
Ministry demands government banks reduce volume of retained earnings, banks believe they are necessary to support capital base
Significant changes in FY 2015/2016 budget revenues
Estimation of Suez Canal revenues similar to last year, despite completion of new Suez Canal project
Civil Service Law to increase state employees’ wages by 15%: Finance Minister
No one will be harmed by application of the civil service law, says Dimian
World Bank, IMF launch initiative to strengthen tax system in developing countries
Initiative aims to deepen dialogue with developing countries and develop diagnostic tools for member countries to evaluate and strengthen tax policies
EGPC, Suez Canal, CBE have EGP 35bn tax arrears: Tax Authority Head
Matar says amount to be collected within current fiscal year
Freezing capital gains tax law will slow budget deficit reduction: Former ministerÂ
Decision will likely lead to matching Fitch’s assumptions on the deficit of reaching 11.1% of GDP by end of this FY instead of the 10.8% targeted by government
Government aims for 15.8% tax revenues growth in FY 2015-2016
Expected tax revenues for FY 2015-2016 are EGP 422bn, through application of VAT and fighting tax evasion
EGP 44bn tax revenue increase by end of April
Budget deficit increased to EGP 230.9bn from July 2014 to April 2015 representing 9.9% of the GDP
Real estate tax crisis ongoing between banks, finance ministry
Mediation fails between the banking sector and the government over obliging banks to pay tax on defaulters’ real estate
Banks can appeal property tax assessment: Finance Ministry
Regulations offered to facilitate application of property tax law
Chinese companies to visit Egypt with Chinese President: Helal
Trade balance between the Egypt and China amounted $ 11.6bn last year, says Chinese Ambassador
45% decrease in non-tax revenues during 8 months
Total income tax revenues decreased to 28% during the period from July to February in the current FY
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
Finance ministry to borrow EGP 249bn through bonds, treasury bills
The ministry will issue treasury bills worth EGP 33.5bn for 91 days, and EGP 40bn for 182 days
ECESR wins appeal, white taxi owners to renew licences without bank statement
Ministry of Finance has supported white taxi project with EGP 1.5bn since 2009
Finance Ministry to hold community-based dialogue conference on draft state budget
Officials at the conference will discuss the preliminary national budget draft proposal and how it can be adopted as the final national budget.
Egypt signs customs agreement with Saudi Arabia, await parliamentary approval: Abdel Aziz
Egypt signed a customs agreement in cooperation with Saudi Arabia, according to Magdy Abdel Aziz, Chairman of the Customs Authority, during a press conference, last Wednesday. The agreement, which was signed on Egypt’s behalf by the Customs Authority affiliated to the Ministry of Finance, is applicable for three years. It is expected the agreement will …
Tax authority issues 2m property tax exemptions
Notifications were sent to 6.3m residential units
Egypt implements sustainable growth policies through investment law reforms: PM
Investment, tax laws issued in  last few days, which increase country’s attractiveness to foreign capital
Summit to put Egypt back on investor map: IFC Country Manager Â
Our focus going forward in Egypt will be infrastructure especially energy, says IFC Country Manager
Public entities debts to EGPC amount to EGP 195bn by end of January: El Molla
Prime Minister Ibrahim Mehleb formed a committee to fix the current financial issues between the Ministers of Petroleum, Finance, and Electricity.
NBE extends working hours in 68 branches for tax e-payments
NBE lends support to Egyptian Tax Authority in e-collection during March and April every year
Ministries of Finance, Tourism fail real estate tax dispute resolution for Cairo, Alexandria hotels
Ministries’ efforts failed to use standard substitution value instead of market value in calculating hotels’ real estate tax
No retreat on cigarettes tax, increases between 50 piastres and EGP 1.5: Cabinet
Prices now at EGP 23 for Dunhill, EGP 23 for Kent, EGP 15 for Rothmans and EGP 13 for Viceroy, says British American Tobacco Egypt official
Cigarette tax provides EGP 5.5bn annually to healthcare: Cabinet
Imposing new cigarette tax supports general state budget providing healthcare expenditure requirements, says Hossam El-Kawish
Review of indicative car prices law
Decisions are new beginning for re-structuring customs as a whole, says ECA