Egypt aims to raise private sector's contributions to economy to 50%

Mon, 01 Nov 2021 - 02:23 GMT

Taxes digitization projects are a successful model for partnership with the private sector, as the national project to modernize and mechanize the tax system, with its various tributaries, is being implemented in cooperation with major international companies operating in Egypt.

Revenues from selling, creating online content 'subject' to taxes: Egypt's Finance Min.

Sun, 03 Oct 2021 - 02:56 GMT

Advisor to the Minister of Finance for Tax Affairs stated that an independent unit has been established in the Tax Authority for e-commerce, and decisive legal measures have been taken against violators.

Egypt denies imposes new taxes on EGX: Finance Minister

Mon, 06 Sep 2021 - 12:20 GMT

The Egyptian minister said in a statement, Monday that the imposition of laws can only be done through legislation approved by the Cabinet and approved by the House of Representatives, and not by ministerial decisions.

Egypt's real estate transaction tax achieves LE7B annually

Tue, 29 Jun 2021 - 03:47 GMT

Maait added that the real estate tax is one of the oldest types of taxes in the legislative system, noting that it is a tax imposed when real estate is disposed of by sale, and the burden of which is borne by the seller, not the buyer.

Tax authority sets March 31 as deadline for receiving real estate tax statement

Wed, 24 Mar 2021 - 11:37 GMT

Any house valued less than LE 2 million will be exempted from tax but its owner should present his statement before the end of this month.

Maait to MSMEs: Simplified tax based on volume of business

Mon, 11 Jan 2021 - 03:59 GMT

The tax, under the new law, will be a simplified one that doesn’t require records, documents or purchase invoices.

Automated tax procedures system to be finalized on all tax offices in 2022

Sun, 03 Jan 2021 - 03:58 GMT

Maait stated in a statement Sunday that the four stages include: "Greater Cairo, Alexandria and West Delta, East Delta, the Canal and Sinai, then Upper Egypt."

Egypt exempts bonds offered abroad from taxes, fees

Wed, 11 Nov 2020 - 03:25 GMT

This came during the weekly meeting of the Egyptian Cabinet headed by Mostafa Madbouly, where he discussed many important files and issues.

No prejudice to exemptions contained in Egypt's agreements concluded with foreign countries: Min

Tue, 18 Aug 2020 - 05:19 GMT

The draft law “canceling the exemption decided on the returns of treasury bills, bonds and capital gains resulting from dealing on these bills and bonds from income tax” approved by the Parliament's Plan and Budget Committee, will not affect the exemptions established in the agreements concluded between the government and foreign countries

Egypt calls on financiers to take advantage of tax arrear exemptions law

Tue, 18 Aug 2020 - 11:21 GMT

The delay fee or additional tax due on these tax arrears will be waived by 90 percent, if the original tax or fees due are fully paid within a maximum period of 60 days from the date of work with

Political leadership keen on automating Egyptian Tax Authority, applying e-bill system

Thu, 23 Jul 2020 - 12:12 GMT

Maait thanked the companies who joined the experiment operation phase of the e-bill system.

Cabinet denies imposing new taxes on mobile service

Thu, 23 Jul 2020 - 12:08 GMT

The ministry asserted that it does not intend to slap new taxes on mobile services, either phone calls or SMS.

Egypt to continue lifting seizure, detention on financiers, registrants till September

Mon, 06 Jul 2020 - 03:43 GMT

This comes through the state policy that seeks to restore economic life, reduce the effects and repercussions left by coronavirus, and facilitate the financiers and registrants.

Cabinet denies increasing value-added tax in new general budget

Fri, 15 May 2020 - 10:37 GMT

The ministry urged various media outlets and social media users to verify their reports before publishing them and contact the ministries concerned.

Sisi orders to increase workers' income, tax exemption limit

Sat, 14 Mar 2020 - 11:00 GMT

The President also directed increasing the tax exemption limit for those whose annual wage falls between LE 8,000 - 15,000.

Finance min. reviews Egypt’s financial performance in H1 of 2019/20

Mon, 20 Jan 2020 - 04:08 GMT

Mai’t added in a press conference that Egypt achieved a primary surplus of LE 30 billion (0.5 percent) during the first half of 2019/2020.

Commercial Representation Service provided over 1,100 export opportunities in 2019

Mon, 30 Dec 2019 - 02:40 GMT

The ministry said that the exported items included vegetables, fresh fruit, processed foodstuffs and paper products, glass, marble and chemicals, among others.

ETA head asserts importance of tax invoice

Mon, 30 Dec 2019 - 02:28 GMT

The invoice guarantees getting a good product from a known supplier, Hassan said, noting that it is a primary evidence for recipient to claim are subject to return policy.

Tax yields hit LE 660B during 2018/19

Mon, 29 Jul 2019 - 11:56 GMT

Finance Ministry pointed out that the growth rate of tax amounted to 17 percent.

No new taxes to be imposed on citizens: government

Fri, 14 Jun 2019 - 11:33 GMT

The ministry has applied a three-pillar plan to increase its financial resources and the state revenues, mainly joining the unofficial businesses into the state’s sector, increasing the number of tax payers, and fighting the tax-evaders.