“We still have a long way to go in order to improve the taxation system. We encourage partnerships with private sector to achieve the revival of Egypt’s social and economic position,” said the minister. “We implemented many adjustments over the past period involving customs and the Value-added Taxation (VAT),” mentioned the minister, adding that his ministry looks forward to setting simplified taxation system for the small and micro business. Additionally, Moeit said that Egypt will expand the taxation base after approving a new taxation law instead of the current one issued in 2005. I understand the fears of implementing it, However, we will implement it without causing any conflict with the taxation authority,” he added.

Source: Daily News Egypt December 16, 2018 19:52 UTC