{"id":601006,"date":"2019-02-17T04:06:47","date_gmt":"2019-02-17T04:06:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/17\/finmin-completes-draft-law-on-egypts-new-tax-procedures-electronic-filing-system\/"},"modified":"2019-02-17T04:06:47","modified_gmt":"2019-02-17T04:06:47","slug":"finmin-completes-draft-law-on-egypts-new-tax-procedures-electronic-filing-system","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/17\/finmin-completes-draft-law-on-egypts-new-tax-procedures-electronic-filing-system\/","title":{"rendered":"FinMin completes draft law on Egypt\u2019s new tax procedures, electronic filing system"},"content":{"rendered":"

LEGISLATION WATCH- FinMin completes draft law on new tax procedures, electronic tax filing: <\/b>The Finance Ministry has finished drafting proposed legislation on new unified tax procedures and an electronic tax filing system, according to a ministry statement<\/a>. The ministry placed the draft<\/a> up on its website to invite public comment in a process due to wrap up on 7 March. The end result will then be handed over to cabinet for approval ahead of its introduction to the House of Representatives. It will stipulate a simplified, unified procedure for filing income, stamp and VAT tax duties \u2014 as well as pave the way for a new electronic billing and tax payment platform<\/b> that would help the ministry keep tabs on our books.<\/p>\n

Online platform: <\/b>The ministry is planning to implement in May<\/a> an electronic billing and tax payment platform with set single tax ID numbers through which all companies will pay all of their taxes. The platform is also part of the larger e-Payments Act, which received preliminary approval from the House of Representatives last week<\/a>. The act seeks to guide Egypt\u2019s transition to a cashless economy.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 in a process due to […]<\/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":[155,72,7087,183,1318,180,343,2380,639],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601006","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-digitization","tag-enterpriseam","tag-finance","tag-fintech","tag-fiscal-policy","tag-legislation","tag-regulation","tag-speed-round","tag-technology","wpautop","entry"],"acf":{"mongo_id":"dfedc001-0813-4a41-a75a-41e9b42c8683","is_powered_by":true,"section_story_id":"89f76640-10e5-400b-8873-c5675f97164d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600989],"teaser":"","voice_url":""},"yoast_head":"\nFinMin completes draft law on Egypt\u2019s new tax procedures, electronic filing system - 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\/2019\/02\/17\/finmin-completes-draft-law-on-egypts-new-tax-procedures-electronic-filing-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinMin completes draft law on Egypt\u2019s new tax procedures, electronic filing system\" \/>\n<meta property=\"og:description\" content=\"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. 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