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21 January 11:56 AM

Taxes

Total tax revenues increased by 10% to EGP 334 billion
14 January 04:38 PM Egypt settles EGP 16bn taxes with petroleum companies
Cairo – Mubasher: Egypt has settled due taxes worth EGP 16 billion owed by some petroleum companies, the Minister of Finance, Mohamed Maait, revealed.   Total tax revenues increased by 10% to EGP 334 billion during the first half (H1) of fiscal …
Macroeconomics
The imported goods included wheat, sugar, legumes, and maize
12 January 03:50 PM Dekheila, Ain Sokhna collect EGP 3.3bn taxes, customs in December 2020
Cairo – Mubasher: The Egyptian Customs Authority collected EGP 3.36 billion in taxes, customs duties, and other charges at Dekheila and Ain Sokhna ports during December 2020. The total value of taxes and customs duties collected for imported goods …
Macroeconomics
Sales less than EGP 250,000 per year will be taxed EGP 1,000
11 January 01:29 PM Egypt reveals new tax incentives for MSMEs
Cairo – Mubasher: The Egyptian Minister of Finance, Mohamed Maait, announced new tax incentives included in the micro-, small- and medium-sized enterprise (MSME) development law. The new law includes a simplified tax system for MSMEs which will …
Macroeconomics
The unified automated tax payment system is implemented in four phases
3 January 04:25 PM Egypt launches unified automated tax payment system
Cairo – Mubasher: The Egyptian Minister of Finance, Mohamed Maait, announced the launch of the first phase of the unified automated tax payment system for large and medium-sized companies and high-income self-employed taxpayers. Maait inaugurated …
Taxes
Minister of Finance, Mohamed Maait
29 December 2020 11:34 AM Egypt extends deadline for submitting property tax returns until March-end
Cairo – Mubasher: The Egyptian Minister of Finance, Mohamed Maait, approved the extension of the deadline for submitting real estate tax returns until the end of March 2021. The decision gives citizens more time to file their tax returns and avoid …
Taxes
Minister of Finance, Mohamed Maait
27 December 2020 00:25 PM Taxpayers non-compliant with e-invoice scheme to be excluded in July
Cairo – Mubasher: The Egyptian Minister of Finance, Mohamed Maait, called on the top taxpayers to register in the e-invoice system. Several penalties will be applied to those in non-compliance and they will be referred to the public prosecutor, …
Macroeconomics
The imported goods included spare parts, tobacco, cars, and production requirements
23 December 2020 01:50 PM Alexandria Customs collects EGP 4.4bn customs, taxes in November
Cairo – Mubasher: Alexandria Customs collected EGP 4.485 billion in customs duties, taxes, and other charges during November. The total value of taxes and customs duties collected for imported goods at Alexandria port reached EGP 1.053 billion …
Taxes
This move will help facilitate tax collection and monitoring procedures
22 December 2020 05:42 PM Egypt launches pilot operation of unified tax platform in January 2021
Cairo – Mubasher: Egypt will launch the pilot operation of its new unified tax platform for large and medium-sized companies and high-income self-employed taxpayers starting from 1 January, the Minister of Finance, Mohamed Maait, said. The …
Macroeconomics
Egypt exempted 46,475 taxpayers from EGP 6.5 billion in late payment fees
20 December 2020 11:56 AM Egypt sees 15% higher VAT revenue thanks to e-filing system
Cairo – Mubasher: The Egyptian Minister of Finance, Mohamed Maait, said that the electronic tax return filing system has improved the efficiency of tax collection and audit. This has also contributed to increasing revenue from value-added tax …
Macroeconomics
The imported goods included wheat, legumes, and maize
17 December 2020 01:59 PM Port Said collects EGP 3.08bn customs, taxes in November
Cairo – Mubasher: The Egyptian Customs Authority collected EGP 3.085 billion in customs duties, taxes, and charges at Port Said Customs during November. The total value of taxes and customs duties collected for imported goods at Port Said reached …
Taxes
Some food commodities are exempted from the VAT
14 December 2020 04:45 PM Egypt's Ministry of Finance denies increasing VAT on food commodities
Cairo - Mubasher: The Egyptian Ministry of Finance has denied the allegations of a new rise in the value-added tax (VAT) levied on food commodities. The ministry confirmed that the VAT has not been increased on any commodity, according to a …
Macroeconomics