Head of the Egyptian tax authority has issued directives to allow a grace period to the end of November to income tax taxpayers to submit their tax returns for the fiscal year 2005 and where they have...

Head of the Egyptian tax authority has issued directives to allow a grace period to the end of November to income tax taxpayers to submit their tax returns for the fiscal year 2005 and where they have been found to have ignored filling out some sections of the tax return or have given estimates for the year 2005 instead of the grace period given till last October. Mr. Mahmoud Mohamed Aly has unveiled that the auditing on tax returns has proved that taxpayers have tried to avoid clarity on costs to impact the tax base by merging the general expenditure and cost of receiving revenues. (source: Al-Aalam El youm)