We started by studying the challenges on the ground. Our decisions reflect our seriousness in meeting the needs of our partners from the tax community.

• Continuing in the "Tax hearings". Immediate action with other facilitation packages to stimulate the business community.

• Clarifying and determining the procedures and executive rules decisively, so that we do not leave matters to be judged by personal estimates in the directorates and tax offices.
• Targeting a tangible improvement felt by the business community in the quality of services provided thereto in the directorates and tax offices.
• Today, we announce the start of a new era between the Tax Authority and the business community based on "partnership, support and certainty"
• Partnership is based on trust between all parties. We will focus on the future, not the past. We will provide a fair and distinctive service to investors and tax payers.
• We will focus on expanding the tax base, which ensures the interest of the State and investors and the ability to improve support and services to citizens.
• A simplified and integrated tax system for those whose annual turnover does not exceed 15 million pounds from small and micro enterprises, entrepreneurship, freelancers and professionals.
• Stimulating the integration of informal economy projects through a package of facilities. We are not looking to the past but to the future.
• Simplifying tax returns and expanding the sample examination system to include all tax centers.
• Dependence in the tax examination on the implementation of the risk management system for all taxpayers in all tax offices and directorates to facilitate the tax community.
• The delay penalty reached up to twice the value of the tax dues. We have set a maximum limit that in no case exceeds the tax dues.
• Working on the urgent completion of disputes and accumulated tax files to drive the movement of economic activity.
• Increasing exemption limit from "submitting a study for transfer pricing" for international companies to 30 million pounds.
• A new central settlement mechanism for investors, and simplifying the VAT refund system.
• progression in legal treatment in the event of non-submission of the tax return and linking it to the annual business volume for the benefit of the taxpayers.
• We will work hard to invest strongly in raising the efficiency of the employees of the Egyptian Tax Authority and improve their conditions in a manner commensurate with their burdens and responsibilities.
• We will develop a modern and integrated system to evaluate employees according to performance rates and the quality of services provided to the tax payers.
• Ministry of Finance and Tax Authority are one harmonious team that believes in this approach. I would like to thank my tax colleagues, the Deputy Minister, the Assistant Minister, the Commissioner and the employees.

 

 

 

Minister of Finance, Ahmed Kouchouk, stressed that the package of tax facilities, including incentives for the business community, is the "first step" in controlling and improving the relationship between investors and the Tax Authority, which is among the priorities of financial policies during the next phase, aimed at implementing the government's work program in its various economic and social dimensions, including contributing to overcoming tax obstacles to economic activities and efforts to raise productivity rates, in order to strengthen the macroeconomic structure, and improve the growth structure to rely more on production and export.

 

The Minister explained that we have begun to study the challenges on the ground, and that our decisions reflect our seriousness in meeting the needs of our partners from the tax community, and that we continue to "Tax hearings", and to move immediately with other facilitation packages to stimulate the business community, with a focus on clarifying and decisively defining the procedures and executive rules so that we do not leave matters to be judged by personal estimates in the directorates and tax offices. We target a tangible improvement felt by the business community in the quality of tax services provided to them in the directorates and tax offices.

 

Sending positive messages to the business community during a press conference in the Council of Ministers in the presence of Dr. Mustafa Madbouly, Prime Minister, The Minister said that today we announce the start of a new era between the Tax Authority and the business community based on "partnership, support and certainty", and we confirm that the partnership is based on trust between all parties, and that we will focus on the future and not the past. He added that we will provide a fair and distinguished service to investors and taxpayers, explaining that we will focus on expanding the tax base, which ensures the interest of the State and investors and the ability to improve support and services for citizens.

 

The Minister added that there will be a simplified and integrated tax system for those whose annual turnover does not exceed 15 million pounds from small and micro enterprises, entrepreneurship, freelancers and professionals as well, while stimulating the integration of informal economy projects into the formal economy through a package of facilities. He added that we are not looking to the past but to the future. Tax payers will be allowed to submit or amend tax returns for the periods from 2021/2023 without fines.

 

The Minister stressed that the tax returns will be simplified, and the sample examination system will be expanded to include all tax centers, and that the tax examination will rely on the implementation of the risk management system for all tax payers in all tax offices and directorates to facilitate the tax community, pointing out that the delay penalty reached up to twice the value of the tax dues, and we have set a maximum limit that does not exceed in any way the tax dues. He added that we will work to speed up the completion of disputes and accumulated tax files to push the movement of economic activity, and raise the exemption limit from "submitting a study for transfer pricing" for international companies to 30 million pounds.

 

The Minister pointed out that a new central "settlement mechanism" will be approved for investors, and the VAT refund system will be simplified, which confirms our keenness to reduce the burdens on investors and facilitate the matter for them, and contributes to establishing a competitive and friendly business environment for the investment community, which drives the State's efforts aimed at maximizing production and export capabilities. He pointed out that the tax facilitation package also includes the adoption of the principle of progression in legal treatment in the event of non-submission of the tax return and linked to the annual volume of business for the benefit of the tax payers.

 

The Minister explained that we will work seriously to invest strongly in raising the efficiency of the employees of the Egyptian Tax Authority and improving their conditions in a manner commensurate with their burdens and responsibilities, pointing out that we will develop a modern and integrated system to evaluate employees according to performance rates and the quality of services provided to the tax payers.

 

The Minister concluded by saying that the Ministry of Finance and the Egyptian Tax Authority are one harmonious team that believes in this approach, which was reflected in the first tax facilitation package. “I thank my tax colleagues, Deputy Minister, Assistant Minister, Commissioner and Employees» added the Minister.