{"id":566238,"date":"2021-06-06T13:28:28","date_gmt":"2021-06-06T13:28:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/"},"modified":"2021-06-06T13:28:28","modified_gmt":"2021-06-06T13:28:28","slug":"unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/","title":{"rendered":"Unified Tax Act executive regs spell out how new tax platform will work"},"content":{"rendered":"

<\/a> The final version of the Unified Tax Act\u2019s executive regulations were published this <\/strong>morning in the Official Gazette, <\/strong>minister Mohamed Maait said in a statement<\/a> this morning. The regulations detail how Egypt\u2019s newly-launched single tax portal will work and outline instructions for taxpayers on accessing and using the platform to file and pay all types of state dues including income taxes, VAT, stamp taxes, and others. The new act replaces a hodgepodge of legislation that governed Egypt\u2019s tax procedures.<\/p>\n

Key highlights: <\/strong>The regs require each taxpayer to receive a unique registration \/ reference number that will be used for all interactions with tax authorities, allowing for faster and simpler processing. The new platform should also standardize the use of e-signatures<\/sup><\/sup> across all tax procedures, including the calculation and collection of taxes and filing tax appeals. In addition, the regs also make it possible for taxpayers to access their tax files, know their appointed tax official, and file requests to add or change commercial activities or settle outstanding tax disputes. You can read the regulations in full here (pdf)<\/a>.<\/p>\n

The executive regulations have undergone a change since being <\/strong>put up for public consultation<\/a><\/strong> earlier this year. <\/strong>Members of the Federation of Egyptian Chambers of Commerce had objected to the draft<\/a> on the grounds that the regulations did not deliver enough change, and would have introduced harsher penalties across the board without taking into account different cases of tax violation.<\/p>\n

What has changed? <\/strong>One of the major points of contention involved the EGP 3-50k fine mandated by the law for non-jailable tax offenses such as submitting late returns, which industry representatives viewed as hefty, Ragab Mahrous, a tax advisor who took part in drafting the regs, told Enterprise. The final version gives the Tax Authority head the power to determine penalties for late fees on a case-by-case basis. The regulations also waive the 2% interest rate on late payments that were previously planned, Mahrous said. Instead, the authority will calculate interest on late taxes using the CBE discount and lending rates. Taxpayers will also be told in advance if they\u2019re about to face an asset freeze or tax inspection, he added.<\/p>\n

The taxman is on notice too: <\/strong>The regs also distinguish between delays caused by taxpayer negligence and those caused by tax authorities, making the tax department liable for late fees in the latter case.<\/p>\n

All companies operating in Egypt are expected to be on the tax platform within two years. <\/strong>The first phase included 11k of Egypt\u2019s largest taxpayers, though the platform is meant to onboard smaller companies throughout its coming three phases.<\/p>\n

Egypt\u2019s unified tax platform went live <\/strong>in a pilot launch in January<\/a><\/strong> after the passing of the Unified Tax Act<\/a>, as part of the government\u2019s plan to overhaul tax administration, encourage informal businesses to go legit, stimulate investment, and grant authorities better oversight on commercial transactions and tax accounts. Recent amendments<\/a> obliged companies<\/a> to file their taxes electronically as of this year, with the act imposing tighter deadlines<\/a> on companies filing VAT returns and penalties on late filers.<\/p>\n","protected":false},"excerpt":{"rendered":"

The final version of the Unified Tax Act\u2019s executive regulations were published this morning in the Official Gazette, minister Mohamed Maait said in a statement this morning. The regulations detail how Egypt\u2019s newly-launched single tax portal will work and outline instructions for taxpayers on accessing and using the platform to file and pay all types […]<\/p>\n","protected":false},"author":1,"featured_media":566239,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10040],"tags":[633,276,187,4160,69,3665],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-taxation","tag-enterprisepm","tag-finance-ministry","tag-legislation-watch","tag-speed-round-taxation","tag-tax","tag-unified-tax-act","wpautop","entry"],"acf":{"mongo_id":"eebf8999-4d8f-4343-98cd-5513a881d101","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/429.jpg","photo_position":"above","related_issue":[566234],"teaser":"","voice_url":""},"yoast_head":"\nUnified Tax Act executive regs spell out how new tax platform will work - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unified Tax Act executive regs spell out how new tax platform will work\" \/>\n<meta property=\"og:description\" content=\"The final version of the Unified Tax Act\u2019s executive regulations were published this morning in the Official Gazette, minister Mohamed Maait said in a statement this morning. The regulations detail how Egypt\u2019s newly-launched single tax portal will work and outline instructions for taxpayers on accessing and using the platform to file and pay all types […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-06T13:28:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Unified Tax Act executive regs spell out how new tax platform will work\",\"datePublished\":\"2021-06-06T13:28:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/\"},\"wordCount\":529,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"Finance Ministry\",\"Legislation Watch\",\"SPEED ROUND: TAXATION\",\"tax\",\"Unified Tax Act\"],\"articleSection\":[\"SPEED ROUND: TAXATION\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/\",\"name\":\"Unified Tax Act executive regs spell out how new tax platform will work - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-06-06T13:28:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Unified Tax Act executive regs spell out how new tax platform will work\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Unified Tax Act executive regs spell out how new tax platform will work - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/","og_locale":"en_US","og_type":"article","og_title":"Unified Tax Act executive regs spell out how new tax platform will work","og_description":"The final version of the Unified Tax Act\u2019s executive regulations were published this morning in the Official Gazette, minister Mohamed Maait said in a statement this morning. The regulations detail how Egypt\u2019s newly-launched single tax portal will work and outline instructions for taxpayers on accessing and using the platform to file and pay all types […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-06-06T13:28:28+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Unified Tax Act executive regs spell out how new tax platform will work","datePublished":"2021-06-06T13:28:28+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/"},"wordCount":529,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?fit=%2C&ssl=1","keywords":["EnterprisePM","Finance Ministry","Legislation Watch","SPEED ROUND: TAXATION","tax","Unified Tax Act"],"articleSection":["SPEED ROUND: TAXATION"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/","name":"Unified Tax Act executive regs spell out how new tax platform will work - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?fit=%2C&ssl=1","datePublished":"2021-06-06T13:28:28+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/unified-tax-act-executive-regs-spell-out-how-new-tax-platform-will-work\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Unified Tax Act executive regs spell out how new tax platform will work"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":560157,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/much-ado-about-nothing\/","url_meta":{"origin":566238,"position":0},"title":"Much ado about nothing","author":"enterpriseam admin","date":"17 February 2021","format":false,"excerpt":"The draft executive regulations (pdf) of the Unified Tax Act are apparently not to the liking of the Federation of Egyptian Chambers of Commerce, with nearly three-quarters of its members objecting to the regulations for not delivering enough change, El Watan reports. The draft regulations, in their current form, only\u2026","rel":"","context":"In "LEGISLATION WATCH"","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559406,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/finmin-issues-unified-tax-act-bylaws\/","url_meta":{"origin":566238,"position":1},"title":"FinMin issues Unified Tax Act bylaws","author":"enterpriseam admin","date":"20 January 2021","format":false,"excerpt":"The Unified Tax Act\u2019s executive regulations are up for public consultation after the Finance Ministry finalized the draft regulations, according to a ministry statement. Among those giving their input and feedback on the regs (pdf) until 4 February: The Federation of Egyptian Chambers of Commerce, the Egyptian Tourism Federation, the\u2026","rel":"","context":"In "LEGISLATION WATCH"","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/248.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591235,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/01\/finmin-issues-new-regs-on-dual-taxation-for-yields-on-egyptian-treasuries\/","url_meta":{"origin":566238,"position":2},"title":"FinMin issues new regs on dual taxation for yields on Egyptian treasuries","author":"enterpriseam admin","date":"1 December 2019","format":false,"excerpt":"FinMin issues new regs on dual taxation of yield on treasury bonds and bills: The Finance Ministry issued on Thursday a decision that allows non-residents to pay taxes on yields from Egyptian treasury bonds and bills at the rate stipulated by a dual taxation agreement with their country of residence,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574214,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/finmin-tasks-ernst-young-to-prepare-electronic-billing-and-taxation-platform\/","url_meta":{"origin":566238,"position":3},"title":"FinMin tasks Ernst & Young to prepare electronic billing and taxation platform","author":"enterpriseam admin","date":"2 September 2020","format":false,"excerpt":"The Finance Ministry tasked Ernst & Young with building its new electronic billing and tax payment platform \u2014 the mechanism through which companies and individuals will be filing their taxes, unnamed sources told the local press. The move to a new platform is provided for by the Unified Tax Act,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572782,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/08\/egypts-new-unified-tax-act-set-for-general-assembly-discussion\/","url_meta":{"origin":566238,"position":4},"title":"Egypt\u2019s new Unified Tax Act set for general assembly discussion","author":"enterpriseam admin","date":"8 July 2020","format":false,"excerpt":"LEGISLATION WATCH- The Unified Tax Act is making its way to the House general assembly: The House Planning and Budgeting Committee has wrapped up discussions of the proposed Unified Tax Act ahead of handing over a report for a vote on several last-minute changes in the upcoming plenary session, Al\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601006,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/17\/finmin-completes-draft-law-on-egypts-new-tax-procedures-electronic-filing-system\/","url_meta":{"origin":566238,"position":5},"title":"FinMin completes draft law on Egypt\u2019s new tax procedures, electronic filing system","author":"enterpriseam admin","date":"17 February 2019","format":false,"excerpt":"LEGISLATION WATCH- FinMin completes draft law on new tax procedures, electronic tax filing: The Finance Ministry has finished drafting proposed legislation on new unified tax procedures and an electronic tax filing system, according to a ministry statement. The ministry placed the draft up on its website to invite public comment\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=566238"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566238\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/566239"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566238"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566238"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}