{"id":567810,"date":"2020-12-08T04:02:40","date_gmt":"2020-12-08T04:02:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/unified-tax-platform-goes-live-in-january\/"},"modified":"2020-12-08T04:02:40","modified_gmt":"2020-12-08T04:02:40","slug":"unified-tax-platform-goes-live-in-january","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/unified-tax-platform-goes-live-in-january\/","title":{"rendered":"Unified tax platform goes live in January"},"content":{"rendered":"

<\/a> Some <\/strong>11k<\/strong> of Egypt\u2019s largest<\/strong> taxpayers w<\/strong>ill begin filing taxes through the <\/strong>government\u2019s new unified tax platform from 1 January<\/strong> as the Tax Authority begins to overhaul the way it collects and monitors taxes, Mohsen El Gayar, director of taxpayer services at the authority, tells Enterprise. Tax centers that handle procedures for large and medium-sized companies and high-income self-employed taxpayers will begin using the system on a trial basis at the start of the year, integrating some 64 previously-separated tax services into a single \u201ccore taxation system,\u201d Tax Authority head Reda Abdel Kader said<\/a> this week.<\/p>\n

What is happening? <\/strong>During the pilot phase, the platform will allow users to file returns and pay taxes, register as taxpayers, enquire about electronic payments, and settle unpaid taxes. The authority will also be able to issue fines for late payment and monitor taxpayer accounts, Abdel Kader said.<\/p>\n

If you\u2019re a <\/strong>large<\/strong> taxpayer, you\u2019ll know more soon: <\/strong>The authority is currently working on promoting the system to the 11k companies and individuals and will launch an awareness campaign throughout the second half of December, says El Gayar. This will include guidelines on how to sign up to the platform and how to use and access the system through different devices.<\/p>\n

The beta rollout begins in January <\/strong>and will continue over four phases during which smaller companies and freelancers will gradually be onboarded, Abdel Kader said. All phases should be complete within the next two years.<\/p>\n

Why is this happening? <\/strong>The authority currently performs key functions via different internal platforms, using separate systems for sales taxes, income tax and e-filing, according to El Gayar. The new platform will unify all three networks and add real estate taxes<\/a> to the mix. It will eventually integrate e-invoicing \u2014 which is currently being trialed<\/a> by 134 companies.<\/p>\n

SMART POLICY-<\/strong> The platform, made possible through the recently-passed Unified Tax Act<\/a>, is a key part of a government plan to overhaul tax administration, encourage informal businesses to go legit, stimulate investment, and grant the taxman better oversight on commercial transactions and tax accounts. Its trial launch follows the rollout of the first phase of a new e-invoicing system<\/a> (which will eventually be linked to the core system) and recent amendments<\/a> which obliged companies<\/a> to file their taxes electronically as of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Some 11k of Egypt\u2019s largest taxpayers will begin filing taxes through the government\u2019s new unified tax platform from 1 January as the Tax Authority begins to overhaul the way it collects and monitors taxes, Mohsen El Gayar, director of taxpayer services at the authority, tells Enterprise. Tax centers that handle procedures for large and medium-sized […]<\/p>\n","protected":false},"author":1,"featured_media":567811,"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":[7382],"tags":[155,72,2517,100,69,288,3665],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax","tag-digitization","tag-enterpriseam","tag-governance","tag-policy","tag-tax","tag-tax-authority","tag-unified-tax-act","wpautop","entry"],"acf":{"mongo_id":"48e0d573-1690-4010-b404-18b22ca18587","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/151.jpg","photo_position":"above","related_issue":[567806],"teaser":"","voice_url":""},"yoast_head":"\nUnified tax platform goes live in January - 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\/2020\/12\/08\/unified-tax-platform-goes-live-in-january\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unified tax platform goes live in January\" \/>\n<meta property=\"og:description\" content=\"Some 11k of Egypt\u2019s largest taxpayers will begin filing taxes through the government\u2019s new unified tax platform from 1 January as the Tax Authority begins to overhaul the way it collects and monitors taxes, Mohsen El Gayar, director of taxpayer services at the authority, tells Enterprise. 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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\u2026","rel":"","context":"In "SPEED ROUND: TAXATION"","block_context":{"text":"SPEED ROUND: TAXATION","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-taxation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/429.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569318,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/egypts-tax-authority-to-test-electronic-tax-filing-for-businesses-in-april\/","url_meta":{"origin":567810,"position":2},"title":"Egypt\u2019s Tax Authority to test electronic tax filing for businesses in April","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"The Tax Authority will roll out on a trial basis its electronic tax filing system in April, ahead of making it mandatory for businesses to pay their taxes online \u201cin the coming period,\u201d according to a Tax Authority statement (pdf). 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Companies will submit tax returns and sales receipts electronically on the system, which will also give businesses the ability to complete audit requests online, eliminating\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":560157,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/much-ado-about-nothing\/","url_meta":{"origin":567810,"position":4},"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. 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