Latest in Highlight
Latest in
Egypt’s tax receipts increase by 40% in 2017: head of Tax Authority
Egyptian tax receipts witnessed an increase of 40% this year as compared to last year, said Emad Samy, head of the Tax Authority, in his speech at the headquarters of the American Chamber of Commerce in Egypt. He added that the current tax disputes law would be ineffectual by 7 September, though the taxpayer who would …
Successful VAT implementation would be triumph for government, tax authority
New committee to be established for selecting leadership positions, says deputy finance minister
EGP 70bn tax dues, new legislation to eliminate disputes
Debt from government institutions comprise EGP 30bn of the total; VAT executive regulations to be issued in a month
Tax Authority collects EGP 200bn since last July, head says
Revenues from taxes are expected to record EGP 422bn in FY 2016\2017, El-Monayer says
Federation of Egyptian Banks, Tax Authority settle disputes regarding stamp tax
The Federation of Egyptian Banks and the Egyptian Tax authority have reached a final agreement to settle the disputes between banks and the authority regarding the stamp tax. The agreement was signed between the federation and the authority on Tuesday. The agreement was reached after a committee comprising of representatives of the two parties was …
Tax Authority addresses Egyptian investors to pay taxes
Demands include providing tax returns and payment of capital gains taxes registered in the second half of 2014
Increase in air tickets prices adds EGP 330m to budget: Tax Authority Head
Hiking transport prices reduces budget deficit, Mattar says
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
Civil Service Law responds to public demands to end bureaucracy: Mehleb
Prime Minister Ibrahim Mehleb has met representatives of protesting employees of the Customs and Tax Authorities to discuss their demands regarding the newly issued Civil Service Law. At least 2,000 state employees from the Customs and Tax Authorities held a demonstration against the law on 10 August in front of the Press Syndicate in Downtown …
EGPC, Suez Canal, CBE have EGP 35bn tax arrears: Tax Authority Head
Matar says amount to be collected within current fiscal year
Government collects 6% of tax value: Head of Large Taxpayer Centre
Finance minister said government collected EGP 180bn in nine months
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
Tax authority issues 2m property tax exemptions
Notifications were sent to 6.3m residential units
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
Government postpones Economic Summit to avoid Chinese New Year
Dispute surrounding Kuwaiti grant valuing $1bn, Ministry of Finance confirms its arrival, International Cooperation denies
Income and capital gains tax revenues register EGP 7.8m in July, August
Budget revenues increase by 0.7% to reach EGP 34.4bn
The elimination of tax exemption is a ‘necessity’: Tax Authority head
Mostafa Abdel Qader, chairman of Egypt’s Tax Authority, requested that tax exemptions that Egypt has granted for decades be eliminated, stressing that Egypt has not reaped benefits from them and that they are a “type of intellectual colonisation”. “The imposition of taxes on dividends and capital gains represent a bigger step towards achieving greater justice,” …
Government to settle 22 disputes with investors
The committee has also drafted solutions for another dispute between the Tax Authority and one steel firm over tax collection as well, according to Mahfouz.
Finance ministry yet to impose property tax on petroleum companies: Adviser
Public petroleum establishments will be exempted, while private companies will be subject to the law, says senior Tax Authority official
Hotels chamber demands property tax to be based on replacement value
Using replacement value method would reduce property tax for Cairene hotels by 90%, says deputy chairman
Taxes from top companies total EGP 7.1bn
Telecom Egypt, Ezz Steel, and Cemex Egypt among top tax paying companies
Cabinet amends Property Tax Law
The amendments include establishing a committee in every governorate to survey and evaluate the rental value of properties.
February tax evasion cases valued at EGP 2.6bn
There have been 378 tax evasion cases in February, the interior ministry says
Tax revenues record EGP 125bn
EGP 5bn increase year on year in tax revenues in the period from July to February
IMF delegation to visit Egypt in January
The delegation will resume talks about Value Added Tax draft law
Tax Authority expects to collect EGP 20bn following resolution of tax disputes
Approximately 20,000 cases of tax disputes have been awaiting court verdicts since 2003, with taxes valued at EGP 40bn
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.
Property tax amendments to lessen economic burden on investors: Government official
Amendments to property taxes receive approval from cabinet, awaiting presidential approval
Ministry of Finance to launch second electronic tax payments conference
The e-payment system will play a supporting role to ease the budget burden by reducing delays in tax returns
Tax Authroity new head vowes to boost tax revenues
Egypt’s Tax Authority (TA) hopes to increase tax revenues to EGP 230 billion, according to newly appointed chairman Mamdouh Omar. The TA plans to promote new leadership to ensure justice within the body, Omar told a meeting with heads of regional bureaus and managers of different departments on Monday. According to commentators, taxation in Egypt …