Dr. Mohamed Maait, Minister of Finance, confirmed that Egypt is proceeding in the path of tax reform, at a steady pace, including income taxes, real estate taxes, customs taxes and sales taxes, which since 2016 have become a value-added tax, indicating that the Income Tax Law No. 91 of 2005 was Expressing a new tax policy that was praised by international organizations and the tax business community, when it took the idea of reducing the tax rate and expanding the base, but as a result of political, economic and social changes during the previous years, this law was subjected to many amendments, so the Ministry is moving to conduct a comprehensive review of this law so that a law is issued New in line with the current circumstances, especially after the promulgation of the Unified Tax Procedures Law, which led to the cancellation of a large number of provisions of the Income Tax Law, the Value Added Tax Law, the Stamp Tax, and the Fee for the Development of the State's Financial Resources.
In the Arab Conference on Tax Legislation organized by the Scientific Society for Tax Legislation, the Minister pointed out, in cooperation with the Arab Organization for Administrative Development in the League of Arab States, entitled: “Reforming the tax system in light of the requirements of fiscal and monetary policy and comprehensive development goals”, to the importance of the tax system; As a key component in the state's financial policy, which together with monetary policy is the two wings of the state's economic policy, explaining that tax reform is a permanent process based on firm foundations, perhaps the most important of which are: simplifying the tax law to improve the voluntary commitment of financiers, and reducing the tax burden and distributing it to the largest base of the tax community And the stability of tax rates and not prejudice to the tax exemptions and incentives granted to investors so that this does not affect the investment climate, and the integration of tax legislation and other relevant legislation such as investment law, trade law, labor and social insurance laws, and the application of international tax obligations through agreements concluded with Egypt, in a way that achieves the national interest It guarantees the maximum benefit possible.
He added that the ministry has paid great attention to the use of modern technology by seeking the help of major international companies expert in the field of tax technology, to benefit from digital development in modernizing and automating the tax administration system, including the submission of tax declarations, analytical examination of them and the discovery of errors in light of risk degrees to reduce evasion Tax, and working on expanding the application of the electronic invoice system, explaining that the government is keen to facilitate the collection of tax by submitting draft laws approved by the House of Representatives to end disputes administratively instead of resorting to the judiciary, and allowing the consideration of the delay and the additional tax at different rates for those who initiate the payment. The balance of taxes due or due on it on the legally determined dates.
He explained that the ministry was interested in reforming the tax administration through continuous training of the human component, and the announcement of 2000 new jobs for first university graduates to enhance human development at the Egyptian Tax Authority.
He said that the new customs law is the first comprehensive customs legislation since 1963; It contributes to achieving the requirements of facilitating international trade in light of global practices, while tightening the control of the customs system and limiting customs smuggling.
Dr. Rabeh Ratib, Vice President of the Scientific Society for Tax Legislation, emphasized the importance of tax reforms in maximizing public revenues in an equitable manner consistent with the requirements of fiscal and monetary policies to achieve sustainable development, advance the national economy, and achieve social justice, pointing out that the first issue of the Scientific Journal of Legislation has been issued. Al-Dariqi, and choosing the best national figures for this year, namely: Dr. Kamal Hassan Ali, Assistant Secretary-General for Economic Affairs at the League of Arab States, and Hassan Al-Minyawy, the first president of the Scientific Association for Tax Legislation; For their generosity.
He expressed his appreciation for the support of Dr. Mohamed Maait, Minister of Finance, to the Scientific Society for Tax Legislation, his sponsorship of its annual conference, and his fruitful efforts in managing the state's public finances in light of the Corona pandemic; Which contributed to maintaining the safe economic path of the country.
Dr. Nasser Al-Qahtani, Director General of the Arab Organization for Administrative Development in the League of Arab States, said that despite the repercussions of the Corona pandemic, we have been keen to continue our activities remotely through the optimal employment of modern technologies, in a way that contributes to creating an electronic Arab platform on administrative development issues, explaining that this conference focuses On the reciprocal relationship between tax reforms, fiscal and monetary policies and their impact on achieving comprehensive and sustainable development goals and the revenues needed to spend on them, in a way that helps reduce unemployment and inflation in a manner that ensures stimulating the economy.
He indicated the importance of upgrading human resources along with legislative development to achieve tax reform, expressing his willingness to cooperate with the Ministry of Finance in meeting the training needs of leaders, especially in light of digital transformation.
Dr. Irfan Fawzi, Secretary-General of the Scientific Society for Tax Legislation, explained that countries seek to improve their tax systems and enhance their efficiency, by expanding the tax base and integrating the informal sector into the formal economy, pointing out that tax reforms contribute significantly to providing the necessary revenues to effectively finance public expenditures. And that the consistency of tax reforms with the requirements of fiscal and monetary policies helps in achieving sustainable development.
تواصلوا معنا على الأيميل
shimaaelyoussef@gmail.com
khalidilzan@gmail.com
Comments
Post a Comment