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12 November 04:40 AM

Taxes

Signing the agreement - KUNA
7 November 01:26 PM Kuwait, Switzerland ink double taxation prevention protocol
Mubasher: Kuwait and Switzerland have signed a protocol to amend an agreement on prevention of double taxation, Kuwait News Agency (KUNA) reported. The original double taxation prevention agreement between the two countries was signed in 1999 in …
Macroeconomics
More than 100,000 tax disputes were resolved in a year
5 November 11:27 AM Egypt drafts law to resolve tax disputes
Cairo – Mubasher: The Egyptian Ministry of Finance is currently drafting a new law to resolve tax disputes. The temporary six-month legislation will be referred to the cabinet and then submitted to the parliament for approval by the end of …
This move aims to fight tax evasion
4 November 05:23 PM Egypt launches tax digitisation project
Cairo – Mubasher: The Egyptian minister of finance Mohamed Maait has launched the national project for digitisation of unified tax procedures. This move aims to encourage the informal sector to join the formal economy, fight tax evasion, and …
Ministry of Finance
3 November 02:20 PM Tax Authority releases cars worth EGP 6.3bn in October
Cairo - Mubasher: The Egyptian Customs Authority released automobiles and car parts worth EGP 6.268 billion last month, head of authority Elsayed Kamal Negm said, as per a statement by the Ministry of Finance (MoF). Negm revealed in a report …
Taxes
UAE set a 100% excise tax on tobacco
22 October 04:40 PM UAE tax authority urges businesses to comply with minimum tax on Tobacco
UAE – Mubasher: The UAE Federal Tax Authority (FTA) has urged all businesses in the country to comply with minimum prices set for tobacco products, according to cabinet decision No. 55 of 2019 on the excise price for tobacco products. Under the …
Macroeconomics
The draft law will be published once being finalised
10 October 01:53 PM Egypt denies finalising draft of income tax law
Cairo – Mubasher: The Egyptian Ministry of Finance (MoF) denied reports about finalising the draft income tax law, Akhbar El-Yom reported on Thursday. The ministry affirmed that it is still working on the initial version of the draft law in …
Taxes
All subsidiaries of foreign companies in Egypt will be subject to taxes
9 October 12:07 PM Egypt drafts law to raise tax exemption limits, impose tax on e-commerce
Cairo – Mubasher: The Egyptian Ministry of Finance (MoF) has drafted a new bill that will replace the current income tax law in consultation with the Federation of Egyptian Industries’ (FEI) tax and customs committee, head of the committee Mohamed …
Macroeconomics
The government has no plan to impose a new tax on cars
2 October 12:08 PM Egyptian Tax Authority denies imposing development tax on cars
Cairo – Mubasher: The Egyptian Tax Authority (ETA) denied reports about plans to impose a development tax on all locally manufactured and imported vehicles. The ETA affirmed that these claims are “baseless and entirely incorrect”, according to a …
Macroeconomics
The new draft tax law will amend some vague articles in the current law
26 September 04:35 PM Egypt denies raising income tax, fuel prices
Cairo – Mubasher: The Egyptian Cabinet’s media centre denied news reports about increasing income tax in the new draft tax law. The new draft tax law will amend some vague articles in the current tax law, the Ministry of Finance affirmed. In …