The protocol being signed by head of Internal Trade Development Authority and head of Egyptian Tax Authority in presence of Prime Minister and Ministers of Supply and Internal Trade and Finance. (photo: The Cabinet of Ministers official website)
Egypt's Prime Minister Mustafa Madbouli oversaw the signing of a protocol of cooperation on Wednesday between the Internal Trade Development Authority and the Egyptian Tax Authority. The protocol of cooperation was signed with the purpose of establishing national IDs for economic enterprises in order to link them within the government services system, according to an official statement by the Cabinet of Ministers.
The move aims at achieving an integrated government system that includes accurate information about companies that is easily accessible through a unified national numbering system.
The protocol of cooperation comes in line with the strategic plan of Egypt 2030, particularly its first axis of economic development, and its fourth axis of transparency and efficiency of government institutions. The purpose of which is to achieve efficient governmental administration that provides high quality services, ensures the satisfaction of Egyptian citizens, contributes strongly to the achievement of the state's development goals and raise the status of the Egyptian nation, the statement said.
In a press conference following the signing, Minister of Supply and Internal Trade Ali Al Moselhi said that the protocol ought enhance the electronicc integration of information and exchange of data and documents between the system of Commercial Registry and the system of Tax Authority, as well as establishing a unified central database for commercial and economic enterprises of Internal Trade Development Authority.
According to the statement he added that it is efficient to have a unified national numbering system for commercial and economic enterprise, and for this to be used in dealing with all authorities as it should shorten the time of registration and form an accurate database of registered business activities available for official authorities and decision makers.
Egypt's Minister of Finance Mohamed Mait said that it is important to agree on the technical aspects in this regard, and to facilitate the task of each party until the completion of the information integration process through the system of exchange of government data. He also said that it is important to develop the plan necessary for coordinating between the Commercial Registry system and the system of Tax Authority, without affecting confidentiality and data security.