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Thursday, 19 September 2019

Egypt tax authority launches VAT-avoidance campaign targeting North Coast resorts

MENA , Saturday 31 Aug 2019
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Views: 1250

The Egyptian Tax Authority (ETA) has launched a massive campaign targeting North Coast resorts that have been avoiding paying value-added tax.

ETA head Abdel Azim Hussein said the campaign had uncovered tax avoidance in 40 resorts, as well as at shops, cafés and facilities that are unlisted with the value-added tax system although their annual revenues exceed the set amount of EGP 500,000. 

Hussein urged eligible taxpayers to register their businesses with the tax system and to legalise their activities, to avoid being held accountable.

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