
Introduction:
In implementation of the directives of the Minister of Finance, the Egyptian Tax Authority seeks to end all tax disputes for establishments whose business does not exceed 10 million pounds by next June. This initiative includes a simplified tax treatment for non-final taxes due before June 16, 2023, in accordance with Article 3 of Income Tax Law No. 30 of 2023.
Improved text:
Ending tax disputes for small establishments
Rasha Abdel Aal, Head of the Egyptian Tax Authority, confirmed that the Authority is making every effort to implement the directives of the Minister of Finance to end tax disputes for establishments whose business does not exceed 10 million pounds by next June. This comes within the framework of facilitating transactions with taxpayers and enhancing trust and cooperation by implementing Article 3 of Law No. 30 of 2023.
Simplified tax treatment according to Article 3 of Law 30 of 2023
Business number less than 250 thousand pounds: Annual tax due is 1000 pounds.
Business turnover from EGP 250,000 to less than EGP 500,000: Annual tax due EGP 2,500.
Business turnover from EGP 500,000 to less than EGP 1,000,000: Annual tax due EGP 5,000.
Business turnover from EGP 1,000,000 to less than EGP 2,000,000: Annual tax due 0.5% of business turnover.
Business turnover from EGP 2,000,000 to less than EGP 3,000,000: Annual tax due 0.75% of business turnover.
Business turnover from EGP 3,000,000 to EGP 1 … The application of the article includes all tax bases except the real estate disposal tax base, and the annual turnover is calculated after excluding the salary tax base and the like.
Contact the Egyptian Tax Authority
For further inquiries and questions, you can contact the Egyptian Tax Authority via the hotline 16395. To report cases of tax evasion, call the hotline 16189 from 9:00 am to 4:00 pm, except Fridays and Saturdays.