Wednesday 19/Feb/2025 – 11:15 AM
The Egyptian Tax Authority signed a cooperation protocol with the Egyptian -Chinese Businessmen Foundation, with the aim of achieving voluntary tax compliance and providing a stable business environment that enhances economic growth.
Rasha Abdel -Al, head of the Egyptian Tax Authority, confirmed that the protocol represents a starting point towards close and sustainable cooperation between the authority and the Chinese Egyptian Businessmen Foundation, where it will be built on it to enhance the partnership with Chinese investors, and to remove any challenges that Chinese companies operating in Egypt may face, ensuring their stability And support its growth within the Egyptian market.
Investors support
The head of the Egyptian Tax Authority added that we are committed to providing all aspects of support and facilities for investors, as the coming period will witness more cooperation and coordination with the business community, through a continuous dialogue to solve tax problems and provide an attractive business environment for investment, noting that this cooperation comes under the initiative The first package of tax facilities, which the state launched to support investors, which includes simplifying procedures Tax, reducing conflicts, and providing more tax incentives to the business sector, which contributes to stimulating investments and enhancing economic growth.
She explained that the interest is serious in developing the mechanisms of communication with Chinese investors, by holding periodic meetings to discuss any obstacles and work to solve them, to ensure a stable investment climate that supports productive investments, enhances the competitiveness of the Egyptian economy, and achieves sustainable development goals, saying: This protocol reflects the commitment The interest in developing the services provided to the business community, by facilitating procedures Tax, providing practical solutions to the challenges facing investors, whether in industrial or commercial sectors.
She pointed out that the protocol includes a set of executive mechanisms to support the business community, where the Egyptian Tax Authority will provide advisory services to the members of the institution, organize periodic meetings to explain tax developments, hold workshops to raise tax awareness, in addition to preparing periodic bulletins that include tax instructions and the benefits available to investors And exporters, and the cooperation will include simplifying tax recovery procedures and providing quick solutions For exporting companies, in a way that enhances Egyptian exports and opens new markets to them.
The legal framework regulating taxes in Egypt
Rasha Abdel -Al continued, that a joint committee will be formed that includes representatives of the Authority and the Egyptian -Chinese Businessmen Foundation, which specializes in discussing the tax problems facing Chinese investors, and submitting practical proposals to solve them in accordance with the legal framework regulating taxes in Egypt, and periodic meetings will be held between the two parties to follow up the implementation of the implementation The items of the protocol, and work to overcome any obstacles facing businessmen regarding Tax obligations.
She pointed to the active and effective role that the Investors Support Unit is solving all the problems facing investors, pointing out that within the framework of the tax facilities initiative currently provided by the Authority, the effectiveness of the role played by the unit has increased and enhanced it with specialized technical competencies that enable it to fulfill its role efficiently and effectively .
For his part, Eng. Majd Al -Manzalawi, Chairman of the Board of Directors of the Egyptian Chinese Businessmen Foundation, stressed the importance of future cooperation between the Foundation and the Egyptian Tax Authority, praising the role played by the Authority in supporting the business and investment community, and providing the necessary facilities to ensure a stable and attractive business environment for investors.
Al -Manzalawi thanked the Egyptian Tax Authority and its leaders for this constructive cooperation and clear interest in addressing the challenges facing companies and investors, noting that these efforts enhance the confidence of the financiers that the interest is the first partner and the main supporter of them, and it is not just a authority to collect taxes, but rather works to provide support Technical and consultant, simplifying procedures, and achieving justice.
He said, that the Egyptian -Chinese Businessmen Foundation aims to develop commercial and industrial activities and investments in Egypt and China, as well as support investment fields by creating a society of Egyptian women and businessmen, Chinese, and coordination and cooperation between its members, in order to actively contribute to developing ideas that serve areas Industry and trade, and the ethics of joint and fruitful work, as it works to contribute to creating a positive economic climate and supporting the decisions of members and their companies According to a business community based on the principles of public action agreements.
The signing of the protocol was attended by the Egyptian Tax Authority, Dr. El -Sayed Saqr, Vice -President of the Authority, Shahinaz Al -Kallaf, head of the Central Administration for Tax Studies, Dr. Safwat Hassan, Head of the Central Administration for the Affairs of the Technical Office of the head of the Authority, Mustafa Kush, Director General of the Technical Office of the head of the Authority, Muhammad Kishek, Associate Chairman and head of the Unit Supporting investors in the authority, Wael El -Sayed, Director General of the General Administration of Income Tax Research, and Maha Ali, Director General of the website And the head of the media unit at the office of the head of the Authority.
Among the Egyptian Chinese Businessmen Foundation, Eng. Samir Al -Sayyad, a former minister of the Board of Trustees and Industry, Muhammad Alaa Abdel -Fattah, the Secretary -General, Omar Wang, the first deputy chairman, and Han is the second deputy chairman, Counselor Mohsen Al -Shashtawi, Executive Director, and Atef Lami, the treasurer .
