Finance Minister Mohamed Maait decided on Friday to appoint Reda Abdel Kader Gharib as the head of the Egyptian Tax Authority. The authority said in a statement that the minister’s decision came after a presidential decree no. 357/2021 on extending...اقرأ المزيد
Finance Minister Mohamed Maeit said the state’s general budget repaid EGP 288 billion to the National Organization for Social Insurance (NOSI) in 21 months upon directives of President Abdel Fattah El Sisi to settle the financial entanglement with...اقرأ المزيد
Finance Minister Mohammed Maait on Monday said the law of Micro, Small & Medium Enterprises (MSMEs) development entails several tax incentives like the simplified tax system, which is based on the volume of sales or business. The tax, under the...اقرأ المزيد
Minister of Finance Mohamed Maait said on Friday the power of administrative seizure has been revoked from all revenue authorities. The administrative seizure decision shall not be taken except after contacting the activity’s owner and being approved...اقرأ المزيد
Finance Minister Mohamed Maait allocated EGP 12.7 billion in the current fiscal year for digital transformation projects in line with presidential directives aiming at promoting good governance and management of state resources. In statements on Saturday,...اقرأ المزيد
The 2020/2021 budget will continue to prioritize health, education and social conditions, Finance Minister Mohamed Mait said Saturday. “Building the Egyptians” is the bath recent budgets have proclaimed; the new budget will support scientific...اقرأ المزيد
Finance Minister Mohamed Maait underlined the importance of precisely putting into effect amendments to the law of tax on income. He said this will contribute to promoting justice with regard to taxes as tax slices would alleviated burdens on people. The...اقرأ المزيد
Finance Minister Mohamed Maait has reaffirmed that Egypt can combat the novel coronavirus and overcome this crisis thanks to its wise political leadership and united people. He praised on Saturday sincere efforts exerted by all personnel working in tax,...اقرأ المزيد
Egypt achieved an initial budget surplus of LE 103 billion during the last fiscal year, Finance Minister Mohamed Ma’it said. Such an unprecedented initial surplus, representing 2 percent of the GDP, makes Egypt the second among the world’s...اقرأ المزيد
Finance Minister Mohamed Maait said the State exerts strenuous efforts to sustain the economic growth rates given the improvement of the public financial indicators. This could be achieved through keeping working on reducing the public debt-to-GDP and...اقرأ المزيد