Saturday 21/June/2025 – 01:24 PM
Ahmed Kajuk, Minister of Finance, confirmed that the tax facilities package is just a beginning, and that the coming period is witnessing more of the next tax facilities package.
He added that the results of the first package after about 3 months revealed that 110,000 files submitted a request to settle previous disputes and 450 thousand declared or new tax declarations, and more than 53 thousand requests for accounting with the simplified mechanism of tax accounting, and this means that this number has read the details of the new package, noting that work in the ministry is centered on the need to work to create a state of real partnership with the business community.
The results of the first package application of tax facilities
In his speech during the conference organized by the ministry entitled “Thank you” to announce the results of the implementation of the first package of tax facilities, he said that work is underway to launch a package of facilities in the real estate tax, and the preparation of a package of customs reforms has been completed, and that the cabinet is expected to discuss it soon.
He added that in order to do this, work is done to extend help to the financiers, out of being a real partner of the tax administration, pointing out that reaching the stage of implementing tax facilities has passed through many stages, began to hold meetings with all the parties concerned with taxes, then discuss the matter in the cabinet and then approve the necessary legislation to implement these facilities in Parliament, then the role of the active media that played a tangible role.
The Minister of Finance pointed out that the tax administration represented by the Egyptian Tax Authority was as much as the challenge, and that the interest had a real desire to implement until it entails changing the golden image of taxes among the financiers, stressing that the interest was seeking to prove its seriousness in that the financier is the basis, and that the tax facilities are rooted in the idea of ”a point and the first line”.
The Minister of Finance pointed out that the financier is the basis of the tax system and that his participation in the tax administration in the success of the new system, because of its real tax justice that serves the interest of all parties, stressing that when we started to approve the first package of tax facilities, we were keen to choose issues in which more facilities can be approved and start immediately in their implementation so that it is not just a ink on paper.
Ahmed Kajuk thanked all the concerned parties who seriously participated in the success of the tax system, which contributed to an increase of about 36% of the tax proceeds within 11 months of the fiscal year, without approving any additional tax burdens, which helped the government implement its various programs for social protection and implement more public utilities projects and support the performance of the health and education sectors.
He explained that every financier has accepted the payment of his business’s essential partner taxes in enhancing the government’s ability to provide the necessary funding to implement more service projects in all sectors of the state, and that he thus participates in enhancing the operational capacity of the Egyptian economy, and a basic partner in achieving social justice, which is one of the most important goals of tax policy.
He pointed out that the legislative amendments included allowing the financiers who did not make old declarations that they could submit without any fines, as well as the applicants have the right to declarations in 2024 to submit the amended declaration without fines as well, as well as the approval of legislation that guarantees the settlement of tax disputes in a way that contributes to the closure of old files, and these amendments end at a later date, explaining the most important legislative amendment also that amendment that set up a mechanism Simplified for tax accounting for financiers less than 20 million pounds annual business volume.
