Latest news with #LawNo.160of2024
Al-Ahram Weekly
29-06-2025
- Business
- Al-Ahram Weekly
Egypt tax authority sets 30 June deadline for dispute settlement requests - Economy
The Egyptian Tax Authority (ETA) has said that taxpayers have until Monday, 30 June, to submit requests to settle outstanding tax disputes currently under review by appeal committees or the courts. ETA head, Rasha Abdel Aal, stated on Sunday that no applications would be accepted after the deadline, which is set by law. Disputes can be filed through electronic forms available on the authority's website. The move is part of a broader government effort to digitize tax services and reduce reliance on in-person procedures. The forms cover capital gains taxes on real estate and unlisted securities, as well as cases falling under Law No. 160 of 2024. Taxpayers are being urged to submit their requests online. The authority said technical and advisory support is available, including a dedicated hotline. The government has attributed a recent rise in tax revenue to these and other facilitation measures. Revenues increased by 36 percent year-on-year, adding EGP 500 billion in the first 11 months of the 2024/25 fiscal year, which ends on 30 June. The finance ministry said the gains were achieved without introducing new taxes. Follow us on: Facebook Instagram Whatsapp Short link:
Daily News Egypt
28-06-2025
- Business
- Daily News Egypt
Final deadline for tax dispute settlement requests is 30 June: ETA chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced that Monday, 30 June 2025, is the final deadline for submitting requests to settle outstanding tax disputes currently under review by appeal committees and courts. She stressed that no applications will be accepted beyond this date, in strict adherence to the provisions of Law No. 160 of 2024. Abdel Aal stated that the Authority has taken significant steps to streamline the process for taxpayers by making all relevant forms accessible electronically via the Authority's official portal. This move comes as part of the government's broader digital transformation agenda, in line with directives issued by the Minister of Finance to expand and facilitate electronic tax services. The initiative aims to reduce burdens on taxpayers, enhance tax fairness, increase the efficiency of the tax system, and save both time and effort by eliminating the need for in-person visits to tax offices. Among the forms now available online are the application for settling tax disputes under Law No. 160 of 2024, the real estate transaction tax form, and the tax form for transactions involving unlisted securities. Abdel Aal confirmed that all these documents are easily downloadable and can be submitted electronically through the Authority's portal. She urged taxpayers with pending disputes to promptly access the portal and submit their applications before the deadline. To support taxpayers throughout the process, the Authority has provided extensive technical assistance and guidance tools, including the dedicated hotline (16395), which is available to respond to inquiries regarding procedures, documentation, and application requirements. Abdel Aal reiterated the Egyptian Tax Authority's commitment to building stronger trust and cooperation with the taxpaying community. She emphasised that the Authority continues to focus on transparency, procedural simplification, and strengthening governance in order to foster an investment-friendly environment and support the development of a modern, integrated tax administration system.
Zawya
10-03-2025
- Business
- Zawya
May 12 deadline for settling pre-2020 tax disputes: Egypt's ETA
Egypt - Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has urged taxpayers and registered entities with outstanding tax disputes to submit their settlement requests by 12 May under Law No. 5 of 2025 for cases predating 1 January 2020. She also called on businesses to take advantage of the opportunity to resolve disputes under Law No. 160 of 2024 for cases still pending before tax appeal committees or courts, with a final deadline of 30 June. She emphasized that dispute resolution committees will continue to review existing cases and accept new requests until the specified deadlines. The Ministry of Finance remains committed to resolving tax disputes in partnership with the business community, an approach aimed at reducing financial burdens, encouraging business continuity, and fostering economic growth. To streamline the process, the ETA has made settlement forms available on its electronic portal, allowing taxpayers to conveniently submit their requests online. These include the Tax Dispute Settlement Form under Law No. 5 of 2025, the Request for Tax Accounting on Real Estate Transactions and Unlisted Securities under Article 7 of the same law, and the Dispute Termination Request Form under Law No. 160 of 2024. Once submitted, the relevant tax office will proceed with the necessary legal procedures to resolve each case in coordination with the dispute review process. Abdel Aal highlighted that these laws offer taxpayers a unique opportunity to resolve long-standing disputes and start fresh with the tax system. Law No. 160 of 2024 is part of a broader package of tax relief measures designed to expedite the resolution of pending appeals, reinforce tax fairness, and create a more stable investment climate. Law No. 5 of 2025 also provides flexible solutions for different types of tax assessments, including the option to pay outstanding liabilities in four quarterly instalments instead of twelve, without additional interest on estimated assessments. She further noted that eliminating tax disputes is a critical step toward the full digital transformation of Egypt's tax system. By automating procedures and enhancing online services, the ETA aims to build stronger trust with taxpayers and create a transparent, investment-friendly environment. Abdel Aal emphasized that these legislative changes directly address taxpayer concerns, helping to reduce disputes and accelerate case resolutions through mutually beneficial solutions. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. ( Hossam Mounir
Daily News Egypt
09-03-2025
- Business
- Daily News Egypt
12 May deadline for settling pre-2020 tax disputes: Head of ETA
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has urged taxpayers and registered entities with outstanding tax disputes to submit their settlement requests by 12 May under Law No. 5 of 2025 for cases predating 1 January 2020. She also called on businesses to take advantage of the opportunity to resolve disputes under Law No. 160 of 2024 for cases still pending before tax appeal committees or courts, with a final deadline of 30 June. She emphasized that dispute resolution committees will continue to review existing cases and accept new requests until the specified deadlines. The Ministry of Finance remains committed to resolving tax disputes in partnership with the business community, an approach aimed at reducing financial burdens, encouraging business continuity, and fostering economic growth. To streamline the process, the ETA has made settlement forms available on its electronic portal, allowing taxpayers to conveniently submit their requests online. These include the Tax Dispute Settlement Form under Law No. 5 of 2025, the Request for Tax Accounting on Real Estate Transactions and Unlisted Securities under Article 7 of the same law, and the Dispute Termination Request Form under Law No. 160 of 2024. Once submitted, the relevant tax office will proceed with the necessary legal procedures to resolve each case in coordination with the dispute review process. Abdel Aal highlighted that these laws offer taxpayers a unique opportunity to resolve long-standing disputes and start fresh with the tax system. Law No. 160 of 2024 is part of a broader package of tax relief measures designed to expedite the resolution of pending appeals, reinforce tax fairness, and create a more stable investment climate. Law No. 5 of 2025 also provides flexible solutions for different types of tax assessments, including the option to pay outstanding liabilities in four quarterly instalments instead of twelve, without additional interest on estimated assessments. She further noted that eliminating tax disputes is a critical step toward the full digital transformation of Egypt's tax system. By automating procedures and enhancing online services, the ETA aims to build stronger trust with taxpayers and create a transparent, investment-friendly environment. Abdel Aal emphasized that these legislative changes directly address taxpayer concerns, helping to reduce disputes and accelerate case resolutions through mutually beneficial solutions.
Zawya
13-02-2025
- Business
- Zawya
New guide to help investors understand rights, tax obligations: Egypt's ETA
Egypt - Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), reaffirmed the Ministry of Finance and ETA's commitment to strengthening communication with tax professionals, economic associations, and the business community. She emphasized that these entities are key partners in developing the tax system and ensuring tax fairness. Abdel Aal pointed out that, to reassure current and potential investors about their future tax obligations, the authority has introduced a comprehensive guide outlining their rights and responsibilities. Additionally, the Investor Support Unit and the Advance Ruling Unit have been expanded to provide better assistance to new and existing taxpayers. She explained that this initiative aligns with the ministry's strategy to foster open dialogue with taxpayers and experts, aiming to identify challenges, provide practical solutions, and enhance the investment climate. The authority also seeks to deliver more flexible and efficient tax services while promoting tax awareness to encourage voluntary compliance and reduce disputes. This coincides with Parliament's approval of the first package of tax relief measures, marking a new era of credibility, transparency, and fairness while reinforcing trust and partnership with the business sector. Abdel Aal made these remarks during a seminar organized by the Scientific Association for Tax Legislation and the Egyptian Society for Political Economy, Statistics, and Legislation, in collaboration with ETA, to discuss and analyze the newly introduced tax relief measures. She noted that the package includes 20 provisions, some requiring legislative amendments and others needing ministerial or administrative decisions. A key approved measure is a simplified and incentivized tax system for small businesses, micro-enterprises, professionals, and entrepreneurs with annual revenues not exceeding EGP 20m. This system offers new incentives, including exemptions from prior tax liabilities, stamp duty, development fees, and registration charges. Additionally, income tax will be capped at a maximum of 1.5%. A major benefit of this system is that the first tax audit will only take place five years after joining, with a simplified annual income tax return, quarterly VAT filings, and an annual payroll tax return. Participants are also exempt from advance payments, profit distribution tax, and capital gains tax. The tax relief package also focuses on easing burdens on taxpayers by capping all tax penalties, ensuring they do not exceed 100% of the original tax due. This measure aims to eliminate excessive interest and late fees, preventing taxpayers from being penalized for delays in tax audits or prolonged disputes. Law No. 160 of 2024 has also been issued, extending the validity of Law No. 79 of 2016 to efficiently resolve outstanding tax disputes. Abdel Aal added that a simplified mechanism has been introduced to settle pre-2020 tax disputes, particularly for cases assessed on an estimated basis. Taxpayers can now settle by paying a percentage of their declared tax liability or their last assessed tax amount without undergoing traditional audits. Those with proper financial records who have already been audited for pre-2020 tax periods can also request a settlement without incurring late fees or additional taxes, provided they pay the original tax due within three months. One key provision allows taxpayers who missed their tax filing deadlines between 2020 and 2024 to submit their returns within a specified period without facing legal penalties. Additionally, taxpayers can file amended returns for these years if they need to correct omissions or errors, again without penalties. Abdel Aal highlighted that the scope of sample-based tax audits has been expanded to cover all taxpayers across tax centers, zones, and offices, starting with 2023 tax returns. To streamline the process, required audit documents will be announced in advance on the authority's website, with only minimal additional documentation requested if necessary. El-Sayed Saqr, Deputy Head of the Egyptian Tax Authority, emphasized the importance of implementing clear monitoring mechanisms to ensure the proper application of the relief package. He stated that multiple channels will be available for taxpayers to escalate their concerns, from reaching out to local tax office heads to directly contacting the authority's leadership. He also announced the formation of a high-level committee to oversee the implementation of the tax relief measures, supported by a 24/7 operations room. This team will handle execution issues, resolve challenges quickly, and ensure that no obstacles hinder the ministry's efforts to establish a transparent and fair tax environment. Rabah Rateb, Chairperson of the Scientific Association for Tax Legislation, praised the tax relief measures, highlighting their positive impact on Egypt's economy. He commended the Ministry of Finance and the Tax Authority for their flexibility in addressing the challenges faced by the tax community. He also noted that Egypt's tax administration serves as a model for the Arab region. Erfan Fawzy, Secretary-General of the Scientific Association for Tax Legislation, reaffirmed the association's commitment to ongoing collaboration with the Tax Authority to promote tax awareness and ensure a fair and efficient tax system. He emphasized the importance of understanding taxpayer challenges and working together to find effective solutions. Mohamed Younis, President of the Egyptian Society for Political Economy, stated that the recently approved tax relief measures will attract more investment, boost GDP, and support Egypt's economic goals. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
