Egypt: Finance Ministry Starts Dialogue With Businessmen, Experts

Minister of Finance Momtaz El Saeid decided on Monday 10/12/2012 to launch a societal dialogue on the latest taxes with Businessmen and experts.

Mamdouh Omar, the Chairman of tax administration said he as an executive department was ready to enter into discussions with all parties concerned including the federation of industries, Businessmen associations, chambers of commerce and auditors to clear any misunderstanding on these decrees and applying their remarks in any legislative amendment if this became necessary.

He said these decrees have many positive aspects such as ratifying the decision of the Minister of Industry exempting equipment and tools from sales tax, applying tax exemption for non official economy and encouraging this sector to join taxation system and to work within the framework of official economy.

Ads by Google

Copyright © 2012 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.