The Minister of Finance, Ahmed Kjouk, confirmed that the first package of tax reforms during the current fiscal year aimed to provide more liquidity to the business community, quickly end old disputes, provide advanced and facilitated services, and simplify tax returns and sample examination for taxpayers in all centers and missions, in addition to expanding the examination system. The office of senior committed financiers.
This came during his speech, on the sidelines of the business dinner organized by the British Business Association under the title “An overview of the Egyptian economy.” – Delve deeper into researching the impact of the International Monetary Fund’s review and Fitch’s rating.
Kojok pointed out that there is a great benefit from integrating the informal economy and expanding the tax base, pointing out that cooperation is underway With all parties and institutions to help and stimulate the informal economy to join the tax system. With neutral and independent parties for evaluation to ensure the ability to continuously develop, he said: “We are interested in investing strongly in the human element in addition to linking incentive systems to performance and achieving the goals of the tax facilitation system and package with effective media communication with all the tools to spread a sound tax culture to all financiers and citizens as well.”
With regard to external debt, Kojok said that the volume of external debt to the budget agencies decreased by about 4 billion dollars during the past year, Pointing out that the rate of budget agencies’ debt to GDP declined to 89.6% last June instead of 96% during June 2023.
- For more: Elrisala website and for social networking, you can follow us on Facebook
- Source of information and images “rosaelyoussef”“
