Mr. Ashraf El-Araby, the head of tax authority, affirmed that tax authority is taking  positive steps to end the taxation disputes in the previous law, referring that the ministry of finance will issue a number of general principles to end problems with banks, within few weeks and is also discussing problems of financial leasing companies.

He added that the new real estate tax law allows applying the direct support system for the first time in Egypt through which it includes the ministry of finance will pay real estate taxes on behalf of the owners of housing units which will be higher evaluated by the market value of their property while their incomes are low in fact, because they are pensioners.

He also added that the ministry of finance will present the added value law to the people's assembly by the end of this year the. Affirming that the law in new one  and is not an amendment  to the sales tax law, all the goods and services will be subject to one tax price, but the goods will be dealt with through higher or lower price or are exempted, these goods should be included in an attached table of the law. The law will also avoid all current distortions of the sales tax law.

(Source: El-Ahram)