Monday marks the beginning of a work shop tax  on International company accounting  and strengthening capital risk companies.

The Ministry of Finance has concluded the itinerary for a training course...

Monday marks the beginning of a work shop tax  on International company accounting  and strengthening capital risk companies. The Ministry of Finance has concluded the itinerary for a training course to upgrade the performance of tax collectors assigned to multi companies to be conducted by  high ranking trainers from England , the Netherlands and Turkey. Adviser to the Minister Ashraf el Araby said the aim of the project in collaboration with OECD is to enable countries to obtain their due taxes and attain equal treatment for all to encourage the flow of direct foreign investments, as well as applying state-of-the-art techniques in the collection of taxes.  The workshop will review the legal aspect  facing auditors of international projects. The workshop will deal with several angles including testing and auditing techniques which are adopted by international companies and the focus on understanding company policies and type of work, the infrastructure of the business  and the applicable tax law.  The workshop will also focus on avoiding double taxation and will review Egyptian law which is applicable on international companies,  auditing transactions for individuals connected commercially to others and the consequent impact on the calculation of the tax base.  The training will include the calculation of the non aligned rate on services and good exchanges which is calculated by outsiders. (ministry of finance)