Latest news with #UnifiedTaxProceduresLaw
Daily News Egypt
3 days ago
- Business
- Daily News Egypt
Final deadline to benefit from Egypt's 2025 tax relief is 12 August: ETA chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has confirmed that 12 August 2025 is the final deadline for businesses to benefit from the relief incentives provided under Law No. 5 of 2025. She urged business owners to take prompt action, as the authority intensifies efforts to engage the business community and raise awareness of the new measures. 'Our engagement with the business community is based on the principle of partnership and mutual benefit, in line with the state's development goals and citizens' aspirations,' said Abdel Aal. She added that hundreds of awareness seminars—both in-person and online—have already been held across Egypt, and these efforts will continue to foster a tax-conscious, voluntarily compliant society. She emphasized that the tax relief measures are time-limited and called on businesses to seize the opportunity to settle outstanding obligations under favorable terms before the deadline. 'This is a chance to open a new chapter based on trust, cooperation, and mutual support,' she said. Abdel Aal also highlighted targeted support for small and micro enterprises under the simplified tax system, applicable to businesses with annual revenues under EGP 20m. These entities are subject to a proportional tax—starting at 0.4% for revenues below EGP 500,000 and up to 1.5% for those under EGP 20m. Additional incentives and exemptions are available under Law No. 6 of 2025, including free technical support and access to operational tools provided by the authority. Abou Zeid Abdel Rahman, Director of Customer Service at the Large Taxpayers Centre and Head of the Integrated Call Centre, explained that Law No. 5 of 2025 waives all penalties related to the submission or amendment of tax returns for the years 2020 to 2024. The law also enables the resolution of disputes from earlier tax periods—ending before 2020—through partial payment of assessed taxes. For businesses with audited accounts, full exemption from late payment interest and additional tax is granted upon payment of the original tax owed. Mohsen El-Gayar, Head of Customer Service for the Suez Canal cities, added that Law No. 7 of 2025, which amends parts of the Unified Tax Procedures Law, limits late payment interest and penalties to no more than the original tax due, regardless of the tax period. The law also allows reconciliation in procedural violations not involving tax liabilities—such as the failure to submit nil returns on time. He also announced enhancements to the Investor Support Unit, the launch of a Pre-Ruling Unit for consultations and feasibility reviews, and a 24/7 complaints unit to provide rapid resolution of taxpayer concerns. New sector-specific audit guidelines and investor-focused manuals are now available on the Egyptian Tax Authority's official website, offering clear information on obligations, entitlements, and incentives. Mohamed Abdel Aziz Amer, Head of the Badr Development Authority, commended the tax authority's outreach and awareness campaign, describing the reforms as a 'remarkable shift in tax policy thinking.' He urged investors in Badr City and beyond to capitalize on the available incentives to support long-term growth and expansion.
Zawya
24-03-2025
- Business
- Zawya
Egypt: ETA holds key meetings with professional syndicates to optimize new tax benefits
Egypt - Rasha Abdel Aal, the Head of the Egyptian Tax Authority (ETA), has conducted a comprehensive meeting with representatives from the syndicates of doctors, engineers, veterinarians, dentists, and pharmacists to outline the first phase of the new tax relief initiative and provide guidance on how members can fully benefit from these tax incentives. This initiative is part of the Ministry of Finance and ETA's ongoing efforts to ease tax burdens and support taxpayers, in alignment with Finance Minister Ahmed Kouchouk's directives to hold direct discussions with syndicate representatives to ensure their participation in the new tax benefits. During the meeting, Abdel Aal highlighted the ETA's commitment to enhancing collaboration with professional syndicates, ensuring their members take full advantage of the tax relief measures. She emphasized that the authority has made available a detailed guide on its website, alongside a series of explanatory videos designed to simplify the tax relief procedures and promote transparency, helping taxpayers and registrants navigate the process with ease. Abdel Aal also discussed the tax relief package, which prioritizes resolving tax disputes through flexible mechanisms that allow taxpayers to settle existing disputes and benefit from prescribed exemptions. She explained that under Law No. 5 of 2025, taxpayers can now submit requests to resolve tax disputes for previous periods up to 1 January 2020, and benefit from a potential 100% waiver on late fees or additional taxes, provided the principal tax is settled within the designated period. The law further provides special provisions for estimated tax audits, enabling taxpayers to settle disputes and pay due taxes with the option of paying in four quarterly instalments without interest. In cases where the audit covers declared taxes, taxpayers can resolve disputes by paying only 30% of the due tax according to the declaration, in addition to the declared tax itself. If the audit covers periods with no declared taxes or those resulting in losses, disputes can be settled by paying the tax due under the most recent agreement, plus an additional 40% of this amount. The law allows taxpayers to submit original or amended returns for the years 2020 through 2024 within six months from 13 February 2025, without penalties or financial sanctions, as per the Unified Tax Procedures Law or any other applicable tax law. Abdel Aal clarified that these provisions do not apply to income tax returns for 2024 but to other taxes, allowing taxpayers to adjust their tax filings and enhance voluntary compliance with minimal additional burden. She also discussed a simplified tax system for businesses with annual revenues of up to EGP 20m, designed to streamline tax compliance processes and reduce administrative burdens. This system sets tax rates based on revenue brackets: 0.4% for revenues under EGP 500,000, 0.5% for revenues under EGP 2m, 0.75% for revenues under EGP 3m, 1% for revenues under EGP 10m, and 1.5% for businesses with revenues between EGP 10m and EGP 20m. Abdel Aal confirmed that this system exempts businesses from certain tax obligations, such as maintaining complex accounting records, allowing them to use simplified accounting methods. Additionally, businesses can submit simplified tax returns according to the forms issued by the ETA. The system also grants further exemptions, including relief from stamp duty, state financial resource development fees, and documentation fees for company incorporation contracts and credit facilities. These incentives aim to encourage small and medium enterprises to formalize their operations and take advantage of the tax benefits available. To benefit from this simplified tax system, taxpayers must adhere to electronic tax systems, including submitting tax returns and following the mandatory electronic invoice and receipt systems. The ETA will provide full technical support free of charge for businesses transitioning to the electronic systems, including providing point-of-sale devices required for the receipt system in accordance with implementation phases, ensuring no additional financial strain on taxpayers due to compliance. Abdel Aal also underscored the significant role played by the Investor Support Unit in implementing the tax relief initiative, providing essential technical support to investors, resolving issues, and simplifying tax procedures related to registration, auditing, and payment. The Unit offers consultations, addresses investor inquiries, and facilitates the resolution of tax challenges, contributing to a more stable and attractive tax environment. The Unit's services, including submitting and tracking requests, are now available electronically via the ETA website. Additionally, the ETA has developed several tax audit guidelines to standardize audit procedures across different sectors. Abdel Aal called for the collaboration of all professional syndicates in executing an awareness campaign about the new tax facilities, stressing the importance of direct engagement to ensure that members across various governorates are informed. She emphasized that syndicates should assist in organizing workshops and training sessions on tax facilities and should make space available for ETA teams to provide technical assistance. These workshops will guide members on how to benefit from the tax relief initiative and complete necessary procedures to join the integrated tax system. She concluded that the initiative's success hinges on robust cooperation with syndicates to ensure maximum participation and benefit for the tax community. Syndicate representatives lauded the first phase of the tax relief initiative, calling it a significant step forward. They expressed a desire to engage in discussions for the second phase before its issuance, and urged that the new tax measures take into account the human consumption factors of professionals, ensuring the facilities are genuinely beneficial and aligned with the realities of their work.
Zawya
27-01-2025
- Business
- Zawya
Egypt's Parliament approves amendments to Unified Tax Procedures Law
The Egyptian House of Representatives has greenlit a draft law submitted by the government on amending some provisions of the Unified Tax Procedures Law issued by Law No. 206 of 2020, as per a statement on January 26th. According to a joint committee of the Planning and Budget Committee and the Constitutional and Legislation Affairs Committee, the proposed draft law aims to allow reconciliation in violations not subject to tax dues, including delaying the submission of tax returns beyond the legally prescribed dates. The committee also affirmed that this law draft ensures tax justice without prejudice to the rights of the public treasury while simplifying tax procedures for taxpayers. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
