PM reviews Egyptian Tax Authority development plan

CAIRO - 22 October 2018: Prime Minister Mostafa Madbouli held a meeting on Monday to review the Egyptian Tax Authority development plan, in the presence of Minister of Finance Mohamed Maait and the head of the Egyptian Tax Authority.

At the beginning of the meeting, Minister of Finance Mohamed Maait pointed out that the Egyptian Tax Authority development plan aims to adapt with global changes and the strategic shift to create a tax keeping pace with modern developments, maximizing its participation in the process of construction and supporting the stability of the Egyptian economy.

He stated that the Egyptian Tax Authority development plan also works towards the efficiency of employment, increasing revenues, as well as working on the integration of the informal economy, resolving problems and simplifying the flow of information at the Taxation Authority with taking into account fairness in dealing with financiers.

Maait pointed out that the institutional development plan for the tax department depends on several axes of work to achieve the highest degree of interaction with the financiers, in order to serve the growth of the national economy.

First, the axis of development and simplification of procedures aims to modernize and simplify procedures to serve the development process through engineering procedures and electronic billing system.

Second, the axis of technology and mechanization aims at building databases and maximizing the role of modern technology in tax work through the automation of basic tax operations, monitoring sales data, as well as developing networks and upgrading technological equipment, Maait added.

Third, the axis of development of the environment and the workplace seeks to modernize the headquarters of missions to provide an appropriate work environment through the development of projects and offices.

Fourth, the axis of human development aims to develop the capabilities of individuals and modernize the organizational structure.

Finally, the axis of legislation aims to update laws pertaining to taxed work, including the unified tax procedures law, amendments to Law 91 of 2005, the electronic tax law, the tax treatment law for small and micro enterprises and the tax regulating the law of advertising on websites.