Soft Launch
 
Egypt to tender for first car scrapping centre 21/10/2019
CAIRO - Egypt plans to tender for its first car scrapping centre, the state news agency MENA quoted the finance minister as saying.

Minister of Finance: New Community Participation and Additional Resources Without affecting the poor, are the Objectives of the Additional 5 %Tax 21/10/2019
Minister of Finance, Mr. Hany Kadry Demian confirmed that the draft law regarding the introduction of the additional 5 % Tax on individuals whose year income exceeds one million EGP, targeting three main pillars

Minister of Finance Dr. Mohamed Maait takes part in the Euro-Mediterranean Forum held in Naples, Italy 09/07/2019
Minister of Finance Dr. Mohamed Maait took part in the Euro Mediterranean Investment Forum held recently by Intesa Sanpaolo Bank and the Italian Banking Insurance and Finance Federation (FeBAF) in Naples, Italy.

Largest Budget Ever in Egypt History to be implemented by EGP 1.6 trillion, Announces Finance Minister Dr. Maait 27/06/2019
Finance ministry, Dr. Mohammed Maait, has recently announced the implementation of the new budget for the 2019/20 fiscal year with a total of EGP 1.6 trillion in expenditures, an increase of EGP 150 billion from prior year's budget.

Ministry of Finance issues executive instructions on procedures to be adopted for public expenditure rationalization plan 16/05/2019
Ministry of Finance has recently issued executive instructions on measures of the State's plan to cut off public expenditure and support positive practices in this respect.

Economy is progressing steadily on the right path thanks to support of political leadership, citizens and development partners, announces Dr. Maait 13/02/2019
In a press conference held recently at the premises of the Ministry of Finance, Dr. Maait underlined the continuous improvement of the State's financial indicators, which is a token of the progress being achieved by the Egyptian economy and the success of the government's comprehensive socio-economic reform program.

A surge is achieved in all indicators of State budget in Q1 FY18/19, announced Finance Minister Dr. Maait 29/11/2018
Finance Minister Dr. Maait highlighted that all performance indicators of the State budget witnessed a leap over Q1 FY18/19. Total budget deficit declined to 1.9% of GDP as compared to an average of 2.3% over the last three years.

Online submittal system of tax returns is obligatory and binding to legal persons as of 1st October via Egyptian Tax Authority website, announces Ministry of Finance 02/10/2018
As of Monday 1st of October 2018, the Egyptian Tax Authority (ETA) and all its affiliate tax directorates shall start to apply an online submittal system for tax returns. This shall be binding for taxpayers registered at the Authority through its website: "http://www.incometax.gov.eg"

Real Estate Tax Law sets many mechanisms for protecting Egypt's real estate assets, announces Finance Minister, Dr Maait 25/09/2018
Minister of Finance, Dr. Mohammed Maait, notes that despite the fact that Real Estate Tax Law, issued in 2008, was first suspended and undergone afterwards many legislative amendments, key concepts and provisions of the same are still provided for therein; most significantly, entailing an expenditure mechanism for the maintenance of real estate properties. Namely, 30% of the annual rental value for a residential unit and 32% for non- residential ones shall be allocated for maintenance expenses paid by ta

President Al-Sisi issues new custom tariff, to be applied at present at all custom outlets, announces Finance Minister 17/09/2018
State President Abdul Fattah Al-Sisi has recently issued a new custom tariff under decision no. 419/2018, within the framework of Egypt's engagement to the Harmonized Commodity Description and Coding System, via HS code 2017.

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