{"id":569622,"date":"2020-03-02T04:16:30","date_gmt":"2020-03-02T04:16:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/finmin-creates-single-budget-for-income-tax-vat-arms-of-tax-authority\/"},"modified":"2020-03-02T04:16:30","modified_gmt":"2020-03-02T04:16:30","slug":"finmin-creates-single-budget-for-income-tax-vat-arms-of-tax-authority","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/finmin-creates-single-budget-for-income-tax-vat-arms-of-tax-authority\/","title":{"rendered":"FinMin creates single budget for income tax, VAT arms of Tax Authority"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>The Finance Ministry has started implementing a single budget for the Tax Authority\u2019s <\/strong><strong>departments for income tax and VAT<\/strong> as part of the new unified tax law, <a href=\"https:\/\/ent.news\/2020\/2\/FinMin-Tax-Authority-One-administration.pdf\">according to a ministry statement (pdf)<\/a>. Minister Mohamed Maait said the effort had begun in FY2019-2020 by merging some departments of the authorities for income tax and VAT, including those covering large and mid-tier investors. The unified tax law would create a single tax filing system for income tax, stamp tax and VAT, and is <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/16\/house-budgeting-committee-to-finalize-customs-act-in-two-weeks-8500\/\">currently being discussed<\/a> by the House Planning and Budgeting Committee.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Finance Ministry has started implementing a single budget for the Tax Authority\u2019s departments for income tax and VAT as part of the new unified tax law, according to a ministry statement (pdf). Minister Mohamed Maait said the effort had begun in FY2019-2020 by merging some departments of the authorities for income tax and VAT, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,276,4688,277,2380,288,4689],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569622","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-finance-ministry","tag-house-planning-and-budgeting-committee","tag-mohamed-maait","tag-speed-round","tag-tax-authority","tag-the-tax-dispute-act","wpautop","entry"],"acf":{"mongo_id":"ac449d3e-7e35-4487-9d97-68ab94e69b80","is_powered_by":true,"section_story_id":"f08c248c-dd23-40be-ad28-0be099e8e924","story_type":"1","photo_url":"","photo_position":"above","related_issue":[569612],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FinMin creates single budget for income tax, VAT arms of Tax Authority - 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\/03\/02\/finmin-creates-single-budget-for-income-tax-vat-arms-of-tax-authority\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinMin creates single budget for income tax, VAT arms of Tax Authority\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry has started implementing a single budget for the Tax Authority\u2019s departments for income tax and VAT as part of the new unified tax law, according to a ministry statement (pdf). Minister Mohamed Maait said the effort had begun in FY2019-2020 by merging some departments of the authorities for income tax and VAT, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/finmin-creates-single-budget-for-income-tax-vat-arms-of-tax-authority\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-02T04:16:30+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/finmin-creates-single-budget-for-income-tax-vat-arms-of-tax-authority\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/finmin-creates-single-budget-for-income-tax-vat-arms-of-tax-authority\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FinMin creates single budget for income tax, VAT arms of Tax Authority\",\"datePublished\":\"2020-03-02T04:16:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/finmin-creates-single-budget-for-income-tax-vat-arms-of-tax-authority\/\"},\"wordCount\":106,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Finance Ministry\",\"House Planning and Budgeting Committee\",\"Mohamed Maait\",\"SPEED ROUND\",\"Tax Authority\",\"The Tax Dispute Act\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/finmin-creates-single-budget-for-income-tax-vat-arms-of-tax-authority\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/finmin-creates-single-budget-for-income-tax-vat-arms-of-tax-authority\/\",\"name\":\"FinMin creates single budget for income tax, VAT arms of Tax Authority - 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The bill, which will be placed on the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/594.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567383,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/finmin-to-place-new-income-tax-law-up-for-public-consultation-in-2-4-weeks\/","url_meta":{"origin":569622,"position":2},"title":"FinMin to place new income tax law up for public consultation in 2-4 weeks","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"LEGISLATION WATCH- The Finance Ministry\u2019s new income tax law will be up for public consultations in 2-4 weeks, Minister Mohamed Maait announced during a press conference held yesterday. The law would raise the personal income tax exemption threshold to EGP 24k, close tax avoidance loopholes for foreign companies, and introduce\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/661.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568640,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/29\/unified-tax-system-to-be-fully-operational-this-year-maait\/","url_meta":{"origin":569622,"position":3},"title":"Unified tax system to be fully operational this year -Maait","author":"enterpriseam admin","date":"29 January 2020","format":false,"excerpt":"Egypt\u2019s new unified digital tax payment system is set to be fully implemented by the end of the year, Finance Minister Mohamed Maait said in a statement. 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