{"id":630369,"date":"2018-04-18T04:14:41","date_gmt":"2018-04-18T04:14:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/"},"modified":"2018-04-18T04:14:41","modified_gmt":"2018-04-18T04:14:41","slug":"govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/","title":{"rendered":"Gov\u2019t plans to amend tax laws to relax penalties for late tax payments"},"content":{"rendered":"

The government is planning to amend the tax code to relax penalties imposed on tardy tax payments, Al Mal reports<\/a>, citing reports on the government\u2019s preliminary budget for FY2018-19. The move is meant to reduce the number of tax disputes, which delay the process of tax collection. Finance Minister Amr El Garhy said earlier this week<\/a> that the government sees revenues from tax collections rising 23.4% y-o-y in FY2018-19 to the equivalent of 14.7% of GDP. The ministry\u2019s pre-budget report<\/a> suggests that tax receipts are projected to contribute EGP 770.3 bn to total state revenues of EGP 989.2 bn during the upcoming fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government is planning to amend the tax code to relax penalties imposed on tardy tax payments, Al Mal reports, citing reports on the government\u2019s preliminary budget for FY2018-19. The move is meant to reduce the number of tax disputes, which delay the process of tax collection. Finance Minister Amr El Garhy said earlier this […]<\/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":[9344],"tags":[72,2375],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630369","post","type-post","status-publish","format-standard","hentry","category-legislation-policy","tag-enterpriseam","tag-legislation-policy","wpautop","entry"],"acf":{"mongo_id":"ccc9f3e8-0d8b-480f-8f01-c7d0ccbe3103","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Gov\u2019t plans to amend tax laws to relax penalties for late tax payments","related_issue":[630331],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.8338a36a-909d-47a0-ac21-cfe40e8883ce.mp3"},"yoast_head":"\nGov\u2019t plans to amend tax laws to relax penalties for late tax payments - 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\/2018\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t plans to amend tax laws to relax penalties for late tax payments\" \/>\n<meta property=\"og:description\" content=\"The government is planning to amend the tax code to relax penalties imposed on tardy tax payments, Al Mal reports, citing reports on the government\u2019s preliminary budget for FY2018-19. The move is meant to reduce the number of tax disputes, which delay the process of tax collection. Finance Minister Amr El Garhy said earlier this […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-18T04:14:41+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t plans to amend tax laws to relax penalties for late tax payments\",\"datePublished\":\"2018-04-18T04:14:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/\"},\"wordCount\":118,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Legislation + Policy\"],\"articleSection\":[\"Legislation + Policy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/govt-plans-to-amend-tax-laws-to-relax-penalties-for-late-tax-payments\/\",\"name\":\"Gov\u2019t plans to amend tax laws to relax penalties for late tax payments - 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