Latest in Tag: taxes Highlight
Latest in Tag: taxes
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
VAT to raise taxes on cars with capacities less than 1,000 litres: ETA
Services and spare parts sectors to be subjected to the general tax rate instead of the current 10%, says Salah Yousef
Individuals pay for government’s ambition through taxes
Around 25% of budget revenues are from sales taxes, indirectly obtained from citizens through taxes on cigarettes, fuel and petroleum products, telecom services, hotel and restaurant services
34.5% increase in public revenues during July, August: Ministry of Finance
Spending on public investment amounted to EGP 3.3bn, with an increase rate of 61.4%, says ministry report
Tax increase of flight tickets to bring in EGP 600m: Tax Authority head
Current taxes collected from flight tickets amount to EGP 270m
SMEs: Egypt’s broken backbone?
Banks are keen to loan to SMEs; now however is not the right time due to the high unpredictability in the economics in Egypt, says Levari Law Founder
EGX loses 19.5% after government announced capital gains taxes postponement
Continued tax deductions from foreigners, international and local crises stopped benefits from decision
Taxes on commercial, industrial activities to significantly increase under VAT
Tax will rise from EGP 54,000 to EGP 500,000 for industrial activities, while commercial actives will generate a tax rise from EGP 150,000 to 500,000
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
Government takes steps to prevent tax evasion
Ministry of Finance plans to increase tax revenues for fiscal year (FY) 2015-2016 to EGP 422bn
Government collects 6% of tax value: Head of Large Taxpayer Centre
Finance minister said government collected EGP 180bn in nine months
Presidential decrees see economic landscape’s alteration
Some controversial decisions are still awaiting final cabinet approval to be sent to presidency for ratification
Finance ministry reconsiders tax increase on beans and falafel
Beans consumption amounted to EGP 1.8bn during Ramadan alone, there are over 2m bean carts in Egypt, says NCFPMAC
Google evades taxes worldwide
Google is repeating a familiar story by avoiding tax payments, to achieve maximum short-term revenues, while ordinary people are left to pay the bill for basic services which directly benefit the company.
Startups complain over online advertising taxes
Facebook and Google’s lack of headquarters in Egypt gives companies profits without taxes
Government should follow through on lowering tax promises: Ernst & Young official
Days before Economic Summit, the government announced it would unify income taxes at 22.5% for 10 years
Banks can appeal property tax assessment: Finance Ministry
Regulations offered to facilitate application of property tax law
Spike in ‘single’ cigarette sales expected to decrease tax proceeds by EGP 2bn: Traders
Greater Cairo Tobacco Association demanded President Al-Sisi holds Finance Minister accountable for failed financial policies
Capital taxes fuel row between authority, brokers
Approximately EGP 250m were collected in 2015: MCDR Head
Important economic decisions in 2014/2015 economic plan
Government decisions not enough, Egypt needs to treat economic crisis by developing comprehensive economic plan, economic analyst
International bonds issued in all markets, country minus guarantor: Dimian
Government received offers from abroad to finance Suez Canal project but opted to finance it domestically, say finance minster
Income and capital gains tax revenues register EGP 7.8m in July, August
Budget revenues increase by 0.7% to reach EGP 34.4bn
Enough GCC aid will be made available: Merrill Lynch
IMF engagements on the other hand, are not expected to take place
Abu Trika’s bank account frozen for not paying taxes: Finance ministry official
Account freezing is “a normal step taken with anyone”, the official says
Use of electronic payments to pay taxes increases GNP by 0.75% per annum: eFinance study
Electronic payments for taxes increase GNP by 0.75% per annum due to more liquidity available in the country, the study says
Egypt to adopt international taxation policy to avoid double taxation: Finance minister
Government struggling to expand resources through tax reform imposing new taxes, fighting tax evasion
Al-Sisi imposes additional 50% tax on cigarettes, 200% on beer
The tax on other alcoholic beverages, such as wine and spirits manufactured locally or imported from abroad, has been increased by 150%, with the minimum set at EGP 15 per litre.
Capital gains taxes a positive step, will not weaken competition: Former EGX vice chairman
Government considering imposing taxes on stock market to increase revenues
Increasing tax revenues to EGP 10bn an ‘impossible task’: Head of Tax Experts Association
Government aims to increase tax revenues in new budget, but has refrained from specifying measures to be taken