The Minister of Finance / Dr. Al-Morsy Hegazy: 

“Participate” is a new initiative to encourage e- payment of public treasury dues  

Continued daily work to 5 pm. in 192 branches in both the National Bank of Egypt and Banque Misr only for taxpayers service. 

Four branches of the National Bank of Egypt and three for Banque Misr have been selected to work next Friday and Saturday for the convenience of taxpayers. 

Chairman of Egypt Post: 350 post office are participating in the electronic payment system of taxes.

 Minister of Finance announced that a new initiative under the slogan of “Participate” , aims to achieve  better tax season without crowding  or overcrowding, through urging companies to pay their taxes electronically, given advantages of the electronic payment system in support the National Economy and tax proceeds.

 The Minister confirmed that the initiative launched by the governmental electronic payment and collection unit in the Ministry of Finance, to promote tax community to participate in maximizing tax proceeds through paying their outstanding taxes throughout the year not only in tax return season , whether income, sales or stamp taxes through the electronic system beside tax proceeds protection from traditional methods payment risks, Electronic payment contribute in speed up cash flows of the governmental accruals and hence provision of public revenue much faster for decision makers to use such revenues in different state general budget programs to meet the citizens’ needs of public services or supply commodities, and subsidy products , which may lead to reduce issuance of the treasury bills and bonds to finance public spending, and support Ministry of Finance thereby in its efforts to reduce the burden of public debt.

The Minister disclosed that the agreement with Banque Misr and the National Bank of Egypt to continue their branches in daily work after formal working hours only to serve taxpayers all week days ,including Fridays and Saturdays until the end of the companies tax returns season from on 30^th  April 2013 .

The head of the governmental electronic payment and collection unit in Ministry of Finance –Mr. Mohamed Fouad noted that the National Bank of Egypt agreed to continue work in 93 of its branches which located near tax directorates until 5 pm., as well as work in four branches on Friday and Saturday in Cairo and Alexandria . 

The branches are Rabaa Al Adawea , Sayeda Zeinab , Agha-khan  and Alexandria to receive deposit proceeds from tax directorates  only during that period . 

 He also noted that Misr Banque also agreed to extend work in 100 branch located near tax directorates  to 8 pm. and until Tuesday 30^th of  April 2013 ,the end of tax return season , pointing that City stars branches and Ahly club in Nasr City and in Giza provide all banking services,  including tax electronic payment service along the week and also on Friday and Saturday to 8 pm. except Ahly club in Jazeera branch , which works only till 5 pm.

He also said that taxpayers may know the address and branches of banks and post offices participating in tax electronic payment system by logging on Tax Authority website and its e-mail address :

http:// www.income tax . gov.eg / 

The head of Egypt Post noted that the Authority participates in Tax Dues electronic payment system through 350 automated Post Office implementing the cooperation protocol , recently signed with e- Finance in order to increase the government electronic collection channels , noting out that the Authority is planning to increase the number of post offices participating in the system to reach 1200 post office by the end of the current year .

He also said that Egypt Post  also provides many other  services in e-payment system such as pensions , an agreement is to be concluded to provide customs duties payment service  for the convenience of all citizens .