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The Minister of Finance meets with leading of officials of the tax authority in efforts to place a new plan to combat tax evasion and implement penalties on tax evaders


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News Date: 11/15/2007 3:40 AM  The Minister of Finance meets with leading of officials of the tax authority in efforts to place a new plan to combat tax evasion and implement penalties on tax evaders 

The inauguration of a center for middle category and small taxpayers in the

wake of the experimental success of a center for higher tier taxpayers.

Tax employees will remain in their posts, their bonuses and salaries will not be touched.

The finalization of the initial draft of the amendments on the sales tax law to become the value added tax law.

160 thousand job offers will be made available by the private sector to new graduates in the new cities.  

 

Minister of Finance Dr. Youssef Boutros Ghali has announced that the Ministry has completed the new plan to combat tax evasion to guarantee the rights of the state in obtaining the tax revenues from companies and individual taxpayers, ascertaining that penalties will be enforced to combat the diverse means of tax evasion.

Minister Ghali was speaking at an expanded meeting with leading members of the tax authority in efforts to merge the sales and income tax authorities.  Ghali announced that the new center for middle tier tax will be opened soon.

Ghali reiterated that the bonuses and salaries of taxpayers will not be touched, noting that a plan is underway to train employees in the forthcoming stage.

Ghali announced that a complete plan of action is underway to offer a full health and social service to all employees.

Ghali said that the Ministry has completed the first drafted amendments on the new tax law to become the value added tax law and will be reviewed by the respective  top officials in concerned departments.

Minister Ghali said that 160 thousand work opportunities have been offered by the private sector in the new cities but have not been exploited by the youth due to a prevalent archaic system that keeps graduates more inclined to accept desk work as opposed to field work that is more available.  Ghali announced that  380 thousand young people have made contacts to show interest in working in factories; however, only 40 thousand only have agreed to work in the factories and plants.  Ghali concluded that the statistics confirm that the social traditions and perceptions still require to be changed.

Ghali vowed that work will continue to change the Egyptian tax authority into one of the best authorities in the developing world in efforts to move up to the  alleviated standards in developed nations. 

Ghali said that certain terms have been set in accepting new comers to the work force in the tax authority and which will ensure a more professional handling of the affairs of the taxpayers.

Ghali noted that the success in implementing the new tax law has attracted Arab nations to ask for Egyptian cadres to apply the new taxation system in their respective countries.s

On his part, head of the Egyptian tax authority Ashraf al Araby has announced that a monthly meeting with the tax authority will be held to announce the plans to be implemented at work to encourage transparency and voluntary payment.

(source : Ministry of Finance)

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The Minister of Finance meets with leading of officials of the tax authority in efforts to place a new plan to combat tax evasion and implement penalties on tax evaders