Head of the tax authority Mahmoud Aly announced a decision to limit a  staying order on  company finances on disputed amounts.  An electronic district is currently being set to become the first electr...

Head of the tax authority Mahmoud Aly announced a decision to limit a  staying order on  company finances on disputed amounts.  An electronic district is currently being set to become the first electronic system for completion of tax procedures in the next three months.  The statement came in a meeting with members of the industrial union under its chairman Galal Zorba and head of the financial policies Moneer Fakhry. Head of the authority has prepared for the new season with tax return files to be distributed for the first time among businesses with guidelines on how to prepare tax returns.  He said the development of the financial policies and the tax policies, in addition to the setting up of a tax unit that includes income and sales taxes has had a positive feedback, eradicated red tape and closely connected the payer with the authority.  The chief also reiterated his willingness to set up a permanent committee with an authoritative status that is capable of solving disputes on a first hand basis. The authority is also willing to set up tax guideline center within the federations of industries in separate governorates.  Head of the industrial federation Galal el Zorba has agreed to set the guideline center and to making available the sites for such constructs. (source :Al-ahram)