Japan’s prime minister Shinzo Abe will delay a controversial increase in sales tax due to concerns for the country’s fragile economy. The move is a blow to his economic policy aimed at boosting growth and inflation.
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Revenues from taxes are expected to record EGP 422bn in FY 2016\2017, El-Monayer says
EGP 18bn increase in revenue compared to 2014/2015 FY attributed to reforms implement in the tax code
Although government financing needs remain large, Moody’s expects economic reform will help reduce fiscal deficits and government debt
Spending on public investment amounted to EGP 3.3bn, with an increase rate of 61.4%, says ministry report
Egyptian Customs Authority estimated total customs due on Kia Carens 2016, 1600cc, at approximately EGP 79,000.
CBE’s temporary ‘financial’ account is strategic reserve and will not be used to solve budget deficit
Tax Authority announced that it has collected EGP 80.3bn, while the tax revenue in the CBE is EGP 49.81bn.
The IMF expected Egypt’s GDP to grow 2% over the next year as opposed to 2.2% in 2012
Former Chairman of Tax Authority calls increases ‘an outcome of economic crisis not economic activity’
Government retains the right to demand taxes
The proposed law will exempt imported capital goods
By Hend El-Behary A wave of condemnation from Egypt’s main cellular carriers Mobinil, Vodafone and Etislat followed Finance Minister Momtaz El-Saeed’s unexpected suggestion to impose per minute taxes on mobile phone calls last Monday. El-Saeed declared the ministry is studying the feasibility of a one piastre per minute fee on every mobile phone call as a …
Under the slogan “Future Tax System and its Impact on the Economy and Investment,” the Egyptian Society for Taxation (EST) sponsored a conference yesterday, discussing new reforms which would enhance the Egyptian taxation system. The conference was headed by Ahmed Sawqqi, chairman of the EST, and attended by Mamdouh Omar, the newly appointed chairman of …