It was all about the recently-announced package of tax facilities on the airwaves last night. Finance Minister Ahmed Kouchouk yesterday announced a long list of tax reforms that aim to reduce tax burdens and increase clarity for taxpayers. Ala Masouleety’s Ahmed Moussa (watch, runtime: 8:32) had the story and we have the details in the news well, above.
The end goal: The facilities aim to alleviate non-tax financial burdens, Investment Minister Hassan El Khatib said, adding that the ministry is slowly working to address the many fees and charges investors face in Egypt. Moussa had the news (watch, runtime: 7:05).
Building trust: All tax disputes predating the announcement will be settled as part of wider efforts to build trust with taxpayers and resolve disputes in the simplest possible manner, cabinet spokesperson Mohamed El Homsani told Moussa (watch, runtime: 2:50). El Homsani also confirmed that overdue payments under the export subsidy program will be scheduled for payment in the coming period.