Tawasul
Mubasher TV
Contact Us Advertising   العربية

Taxes

Some cars were exempt from the payment of more than EGP 1.132 billion
11:22 AM Alexandria Customs issues clearance for EGP 3.9bn cars, spare parts in July
Cairo – Mubasher: Alexandria Customs collected total taxes of EGP 1.105 billion for issuing customs clearance for cars and spare parts at a combined value of EGP 3.908 billion in July, the head of the Egyptian Customs Authority, Kamal Negm, said …
The step is part of Egypt’s efforts towards digital transformation
2 August 11:55 AM Egypt requires top taxpayers to issue e-invoices by mid-November
Cairo – Mubasher: The Egyptian Tax Authority issued a decision requiring top corporate taxpayers to issue electronic tax invoices as of 15 November. This is the first phase of making the issuance of electronic tax invoices mandatory for all …
Taxes on Suez Canal’s earnings reached EGP 29.8 billion
22 July 05:05 PM Suez Canal transfers EGP 57m to state treasury in 11M
Cairo – Mubasher: Tax and non-tax proceeds from Egypt’s Suez Canal to the state treasury amounted to EGP 56.91 billion during the first 11 months of fiscal year 2019/2020, down by 5.9% from EGP 60.5 billion in the year-ago period. Taxes on Suez …
MSMEs will be given preferential tax rates
22 July 03:35 PM Egypt grants MSMEs tax, customs incentives
Cairo – Mubasher: The Egyptian minister of finance Mohamed Maait said that the law no. 152 of 2020 regarding micro-, small- and medium-sized enterprises (MSMEs) development includes several customs and tax incentives. These incentives are aimed at …
Under the law, 90% of the fees will be waived if the taxes are paid within 60 days
21 July 11:15 AM Egypt’s tax penalty relief extended to December
Cairo – Mubasher: The Egyptian minister of finance Mohamed Maait announced that the new law passed by the parliament on Monday on waiving interest and late fees on taxes has been extended to the end of December. This regulation is in line with the …
The members of parliament also approved the 1% tax on salaries
20 July 05:05 PM Egypt’s parliament gives final approval for several laws on Monday
Cairo – Mubasher: The Egyptian parliament gave final approval for several laws, including extending the state of emergency for three months, starting from Monday, 27 July, the Middle East News Agency (MENA) reported on Monday. In addition, several …
A total of 239 passenger cars and three disability cars have been released
20 July 02:15 PM Suez issues clearance for EGP 46m vehicles in June
Cairo – Mubasher: Suez Customs issued clearance for 261 vehicles at a total value of EGP 46.22 million during June. A total of 239 passenger cars and three disability cars at a value of 39.418 million have been released, according to a statement …
The imported goods included wheat, corn, and legumes.
15 July 04:32 PM Port Said collects EGP 3bn customs, taxes in June
Cairo – Mubasher: The Egyptian Customs Authority collected EGP 3.052 billion in customs duties, taxes, and other charges at Port Said during June. The total value of taxes and customs duties collected for imported goods at Port Said amounted to …
The imported goods included meat, wheat, corn, chemicals, sugar, cars, and spare parts.
12 July 01:21 PM Alexandria Customs collects EGP 3.9bn customs, taxes in June
Cairo – Mubasher: Alexandria Customs collected EGP 3.9 billion in customs duties, taxes, and other charges during June. The total value of taxes and customs duties collected for imported goods at Alexandria port reached EGP 614.545 million during …
Some cars were exempt from the payment of more than EGP 1.105 billion
9 July 11:46 AM Alexandria Customs issues clearance for EGP 3.9bn cars, spare parts in June
Cairo – Mubasher: Alexandria Customs collected total taxes of EGP 1.167 billion for issuing customs clearance for cars and spare parts at a combined value of EGP 3.905 billion in June, head of the Egyptian Customs Authority Kamal Negm said. The …
Taxpayers can pay only 1% of the due taxes to unfreeze their assets
6 July 01:03 PM Egypt extends decision to unfreeze assets in tax disputes until September-end
Cairo – Mubasher: The Egyptian Tax Authority decided to extend the decision of unfreezing assets in tax disputes until the end of September. This move is part of the government’s efforts to relieve the impact of the coronavirus (COVID-19) pandemic …
90% of the late fees will be waived if the taxes are paid within 60 days
5 July 05:29 PM Egypt's parliament passes law to waive late fees on taxes
Cairo – Mubasher: The Egyptian parliament approved a draft law for waiving late payment interest and penalties on taxes, including value-added taxes (VAT), the Middle East News Agency (MENA) reported on Sunday. Under the law, 90% of the fees will …
The decision aims to mitigate the economic consequences of the COVID-19 pandemic
1 July 09:48 AM Saudi Arabia’s new 15% VAT effective Wednesday
Riyadh - Mubasher: Saudi Arabia’s decision to triple the value-added tax (VAT) on all applicable goods and services in commercial markets from 5% to 15% comes into effect on Wednesday, 1 July, announced the General Authority of Zakat and Tax …
The VAT rate was tripled to 15% from 5%
28 June 10:04 AM Saudi Arabia to apply new VAT on e-commerce sales
Riyadh - Mubasher: Saudi Arabia's newly-adjusted value-added tax (VAT) will come into effect as of 1 July 2020, Saudi Customs announced through its Twitter page. The new VAT, which was tripled to 15% from 5%, will be imposed on e-commerce …
The VAT has been applicable to all goods and services since 2016
24 June 01:51 PM Maait denies imposing new taxes on e-commerce purchases
Cairo – Mubasher: Egypt will not impose any new taxes on consumer products whether those sold through electronic platforms or conventional outlets, minister of finance Mohamed Maait said. The goods sold through e-commerce platforms are subject to …
Personal income tax exemption limit has been increased to EGP 9,000
23 June 12:40 PM Egypt to apply new income tax law next July
Cairo – Mubasher: The Egyptian Ministry of Finance said that the new income tax law will be applied starting from the beginning of next July. The new law applies to the income generated from commercial, industrial, and professional activities as …