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Thursday, 04 March 2021

Egypt’s Tax Authority suspends impounding on taxpayers until 30 June

Doaa A.Moneim , Thursday 9 Apr 2020
Egyptian Tax Authority
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Egypt’s Tax Authority (ETA) announced on Thursday that it has suspended all kinds of impounding imposed on taxpayers with tax disputes.

In a statement, head of ETA Reda Abdel-Kader urged taxpayers who have tax disputes or impounding issues to submit an application to end disputes and suspend impounding before 30 June, benefiting from the incentives that the ending disputes law is offering.

According to the statement, the law gives taxpayers a second chance to coordinate with the tax administration to end their tax disputes, which helps them settle their legal status.

Abdel-Kader clarified that the ETA will suspend impounding once the taxpayer pays 10 percent of the payable tax value, adding that it is allowed to submit applications to dispute settlement committees according to geographical scopes.

He added that the law also allows offsetting 30 percent of fees collected due to delay in paying taxes for those who submit the application.

Abdel-Kader said on Sunday that individual taxpayers will have to reimburse tax dues either in cash or by cheques only in ETA offices and not in banks.

He said that taxpayers can count on the electronic payment, as well, urging them to submit their tax returns before 16 April to avoid overcrowding in light of the state’s preventive measures to contain COVID-19 outbreak.

The ETA has adopted a number of new policies in line with the state’s measures to contain the COVID-19 outbreak, including submitting tax returns through online electronic payment, using all kinds of smart cards, including Meza, Master Card, and Visa.

Minister of Finance Mohamed Maait has approved the waiving of fees via electronic payment for individual taxpayers in 2020 to encourage them to submit their returns online.

The ETA has exempted VAT and income tax payments from administrative fees during the period of submission and until 16 April.

 

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