Business Hub – Cairo:
Last chance for taxpayers to end all tax disputes
Dr. Mohamed Maait, Minister of Finance, confirmed, That until the end of next December, requests to end tax disputes before the courts, tax appeal committees, and grievance committees between tax authorities and taxpayers or taxpayers arising from the application of the provisions of tax laws that tax services apply, regardless of the case or appeal, will be received. He explained that this is a last chance for financiers to end all tax disputes.
Minister said, Following the ratification of President Abdel Fattah El-Sisi, The law of waiving the consideration for delay and additional tax and the renewal of the law on the termination of tax disputes, The committees for ending tax disputes continue their work to decide on previous applications that have not yet been decided upon. addition to new orders; In a way that helps to quickly end the accumulated disputes, and collecting the dues of the state treasury, Facilitating the financiers Contribute to the stability of their tax positions and encourage investors to expand their investment activities in Egypt. Consistent with the State’s efforts to attract local and foreign investments, To take advantage of the promising opportunities offered by major national and development projects; To achieve the goals of comprehensive and sustainable development; In order to improve the lives of citizens and raise the level of services provided to them.
Creating a stimulating environment for local and foreign investments in light of global economic challenges. And the development of tax appeal committees to reduce the period of consideration of the dispute and achieve tax justice
Minister said, We have successfully completed more than 57,179 applications to end tax disputes, During the period from September 2016 to the end of June 2022, out of a total of 58,871 applications submitted, With an agreed tax of more than 41 billion and 149 million pounds, He explained that we are keen to create a stimulating environment for local and foreign investments, especially in light of successive economic crises, from the “Corona” pandemic to the war in Europe and the resulting disruptions in supply and supply chains. an increase in shipping costs, And rising inflation rates to unprecedented levels.
The minister explained, That the tax appeal committees succeeded in establishing many legal principles that contribute to facilitating the settlement of tax disputes, and protect the rights of each party in accordance with the law, Without prejudice to the confidentiality of tax data for taxpayers, Noting that we are continuing to develop tax appeal committees, In a manner that ensures reducing the period of consideration of the dispute and achieving tax justice, In order to help establish the foundations of governance, transparency, integrity and standardization of evaluation principles; In pursuit of a more developed, stimulating and attractive tax system.
Finance: Exceeding 65% of the “delay charges” provided that the original tax is paid before the end of the current August
Mokhtar Tawfik, head of the Egyptian Tax Authority, referred to taxpayers to promptly pay the principal tax debt or fee due or payable before the effective date of this law or until the current August 31, Whatever the reason for the obligation to perform, To benefit from the advantages offered by this law by exceeding 65% of the consideration for delay and additional tax stipulated in both the Customs Law and the Stamp Tax Law, and the State Financial Resources Development Fee Law, income tax law, and the general sales tax law, The Built Real Estate Tax Law and the Value Added Tax Law, The remaining 35% will be paid. that have not been bypassed, no later than the first of next March, Pointing out that this is a last opportunity to benefit from this exemption for all types of tax and customs arrears.