taxes

Qandil: No upcoming Cabinet reshuffle
Egypt

Qandil: No upcoming Cabinet reshuffle

Prime Minister Hesham Qandil denied on Tuesday reports of an upcoming Cabinet reshuffle, stressing that the economic situation has become…
Presidential spokesperson blames tax debacle on political tension
Egypt

Presidential spokesperson blames tax debacle on political tension

“Mistakes happened over the past few days due to political conflicts,” presidential spokesperson Yasser Ali said Monday, referring to President…
Morsy issues broad tax increases, including energy, soft drinks, cigarettes, alcohol
Business

Morsy issues broad tax increases, including energy, soft drinks, cigarettes, alcohol

New public tax laws on a broad array of products and services were technically entered into force on Friday, as…
Report: Experts draw up government economic reform plans
Business

Report: Experts draw up government economic reform plans

Experts have drawn up proposals for tax and energy subsidy changes and will present them to Egypt's Cabinet on Sunday,…
Ministry mulls increasing mobile phone taxes
Egypt

Ministry mulls increasing mobile phone taxes

The Communications and Information Technology Ministry is considering increasing the 15 percent sales tax on mobile phone users, Minister Hany…
State to speed up collection of billions in back taxes
Business

State to speed up collection of billions in back taxes

Finance Minister Momtaz al-Saeed announced Tuesday that he has ordered the Egyptian Tax Authority to implement legal changes to help…
Finance minister: Tax proceeds rise by 10%
Business

Finance minister: Tax proceeds rise by 10%

Tax proceeds totaled LE115.4 billion from July 2011 to March 2012, Finance Minister Momtaz al-Saeed has said, adding that the…
Half of Zurich’s foreign millionaires left after tax change
World

Half of Zurich’s foreign millionaires left after tax change

The region of Zurich, the home of Swiss banking, has lost nearly half its foreign millionaires two years after scrapping…
Mubarak sons face tax evasion charges
Egypt

Mubarak sons face tax evasion charges

Former President Hosni Mubarak’s sons, Alaa and Gamal, are being questioned over accusations of tax evasion, judicial sources have said.…
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