Egypt: Finance Minister - a New Initiative Launched to Activate Tax Cancellation Committees

Minister of Finance Dr. El-Morsi Hegazi said that the ministry launched a new initiative to activate tax cancellation committees, along with expansion of electronic payments for taxes, pensions or customs.

The Minister stressed that the number of banks providing services of electronic payment has been increased to reach 30 banks with 1,850 branches covering all Egypt's governorates.

Minister Hegazi said on Saturday 16/02/2013 that more than 1,200 post offices have been activated within the framework of electronic payment system as of next March. He added that there is intention to bring the informal economy to the formal economy, which will increase the general income of tax.

Ads by Google

Copyright © 2013 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.