taxes

Tax returns reached LE1.720 bn: Official
Business

Tax returns reached LE1.720 bn: Official

Deputy Minister of Finance, Amr al-Mounir, announced that the estimated tax returns for the current season amounted to one billion…
Egypt considering temporary stamp duty on Stock Market deals: sources
Business

Egypt considering temporary stamp duty on Stock Market deals: sources

Egypt is considering temporarily reintroducing a stamp duty on stock market transactions after the tax was frozen in 2014, two…
Report: Trump losses may mean he didn’t pay taxes for years
World

Report: Trump losses may mean he didn’t pay taxes for years

Donald Trump's business losses in 1995 were so large that they could have allowed him to avoid paying federal income…
Starbucks, Amazon pay less tax than a sausage stand, Austria says
Business

Starbucks, Amazon pay less tax than a sausage stand, Austria says

Multinationals like coffee chain Starbucks and online retailer Amazon pay less tax in Austria than one of the country's tiny…
Price increase on govt services will quickly follow VAT law: Finance Ministry
Business

Price increase on govt services will quickly follow VAT law: Finance Ministry

The Egyptian government has said it will announce details of increased prices of certain public services as soon as the…
US tax agency investigates Facebook’s Ireland asset transfer
Science

US tax agency investigates Facebook’s Ireland asset transfer

The US Internal Revenue Service (IRS) said Facebook Inc (FB.O) may have understated the value of intellectual property it transferred…
25.2% rise in tax returns in Jul-Oct 2015: Finance Ministry
Business

25.2% rise in tax returns in Jul-Oct 2015: Finance Ministry

Tax returns saw a 25.2 percent increase between July and October 2015, according to a monthly report by the Finance…
NGO provides online tool for income tax calculation
Egypt

NGO provides online tool for income tax calculation

An NGO has developed an online tool for the instant calculation of income taxes and how their returns are redirected…
No one is above the law: Tax Authority President
Egypt

No one is above the law: Tax Authority President

Tax Authority President Abdel Moneim Matar talked to Al-Masry Al-Youm about information linkage, the VAT, late arrears and raising taxes…
UPDATE: Egypt lowers top tax rate and suspends capital gains tax
Egypt

UPDATE: Egypt lowers top tax rate and suspends capital gains tax

Egypt lowered the top tax rate and the threshold for companies and individuals in high income brackets on Sunday and…
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