Latest news with #taxfacilities
Zawya
6 days ago
- Business
- Zawya
Tax facilities offer ‘golden opportunity' to settle disputes without extra costs: Egypt's ETA chief
Egypt - Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), affirmed that the tax facilities introduced under Law No. 5 of 2025 present a golden opportunity for taxpayers to resolve outstanding tax disputes, especially for those maintaining regular books and accounts. She noted that one of the most significant incentives is that taxpayers who have submitted a settlement request supported by regular accounts, and pay the full amount due within no more than three months from the request date, will be granted a full exemption from late payment fines and any additional taxes related to that dispute. Abdel Aal stressed that these measures reflect the Ministry of Finance and the ETA's commitment to supporting the tax community and easing the burden on compliant taxpayers. Those meeting the criteria benefit from special concessions in dispute settlement, provided payment is made within the prescribed deadline. 'We urge all taxpayers who have submitted settlement requests and keep regular accounts to expedite payment of their dues before the end of the three-month period from the submission date. This will ensure their tax status is resolved smoothly and they receive the full exemption from late payment fines and additional taxes,' she said. © 2025 Daily News Egypt. Provided by SyndiGate Media Inc. (
Zawya
05-08-2025
- Business
- Zawya
Eight days left to benefit from tax relief, warns Egypt's ETA
The Egyptian Tax Authority (ETA) has reminded taxpayers that only eight days remain to take advantage of the tax relief measures introduced under Law No. 5 of 2025, issued on 12 February as part of the government's first package of tax facilities. In a statement on Monday, the Authority explained that the law offers several incentives to taxpayers. These include settling disputes relating to tax periods before 1 January 2020; filing for assessment and paying due taxes on real estate disposals or transactions involving unlisted securities conducted in the five years preceding the law's enactment; and submitting original or amended tax returns for income tax covering 2020 to 2023, as well as value-added tax from 2020 to 2024. The ETA emphasised that these measures reflect the shared vision of the Ministry of Finance and the Authority to resolve outstanding disputes, alleviate taxpayers' burdens, and encourage voluntary compliance—ultimately opening a new phase based on partnership, certainty, and mutual trust. This approach is also designed to help integrate the informal economy into the formal system and contribute to achieving national development goals. The Authority further clarified that applications for the Integrated Tax System for Small and Micro Enterprises—with annual revenues below EGP 20m under Law No. 6 of 2025—can be submitted at any time, via the Authority's official website. However, to benefit from the tax amnesty on liabilities for periods prior to enrolment, taxpayers must register by 12 August. To support taxpayers, the Authority said it continues to raise awareness about the relief package and to offer free technical assistance. This includes on-site support teams at tax offices and centres, as well as daily online seminars, details of which are posted on the Authority's official Facebook page. Explanatory videos are also available on the Authority's website and YouTube channel, alongside a detailed guide to the tax facilities.
Zawya
10-07-2025
- Business
- Zawya
New tax facilities set stage for rapid growth of micro, small enterprises: Egypt's ETA chief
Egypt - Rasha Abdel Aal, Chairperson of the Egyptian Tax Authority (ETA), announced that the Authority is intensifying efforts to promote awareness of Egypt's new tax facilities package and its benefits for enterprise growth, in line with a broader strategy to foster formalisation and economic inclusion. 'We continue to engage directly with the business community to encourage companies to register under the new system ahead of the legal deadlines and to incentivise informal businesses to enter the formal economy,' said Abdel Aal. She emphasised that the newly introduced tax facilities offer micro and small enterprises a significant opportunity to expand their operations and achieve accelerated growth. The simplified tax system, enacted under Law No. 6 of 2025, is available to all self-employed individuals and freelancers whose annual turnover is below EGP 20 million. Eligible categories include doctors, engineers, artists, media professionals, accountants, lawyers, craftsmen, and other independent professionals. According to Abdel Aal, the new regime applies a proportional tax rate based on declared turnover, starting at 0.4% for turnover under EGP 500,000 and up to 1.5% for turnover below EGP 20m. Tax obligations begin the day after registration, and registrants benefit from full waivers on tax dues and penalties for prior periods—an approach described as 'forgiveness for past periods.' Ragab Mahrous, Advisor to the ETA Chair, highlighted during a recent awareness campaign at the Red Sea Tax Directorate—organised in cooperation with the Future of the Nation Party—that registrants under this simplified integrated system are exempt from tax inspection for five years following enrolment. Mohsen El-Gayar, General Manager of Customer Service for the Canal Cities region, outlined the Tax Authority's broader transformation since 2018, including the launch of key digital systems. These include e-filing, the new core tax management system (SAB), e-invoicing, the e-receipt platform, unified payroll tax calculation standards, and upgraded infrastructure. He noted that these initiatives have enabled real-time support and effective problem resolution for taxpayers. El-Gayar also pointed to Law No. 5 of 2025, effective until 12 August, which allows taxpayers to resolve ongoing disputes by filing or amending tax returns for the years 2020 to 2024 without incurring financial penalties. He described the law as a turning point in strengthening the government's partnership with taxpayers and encouraging voluntary compliance. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
