Tax returns submissions season kicks off in Egypt

Doaa A.Moneim , Monday 3 Jan 2022

The Egyptian Tax Authority (ETA) announced on Monday that is now accepting 2021 tax returns submissions for individuals and legal entities.

The Egyptian Tax Authority (ETA) building. Ahram

For individuals, the due date for submissions 31 March.

Submissions for legal entities, however, are due on 1 May 2022 or within four months from the end of the company’s fiscal year.

The ETA’s head Reda Abdel-Kader stated that major and medium taxpayers as well as members of the senior self-employed centre will submit their tax returns online through the website

Meanwhile, other taxpayers should submit their tax returns through the ETA’s online portal, according to Abdel-Kader.

“The ETA provides technical support for all taxpayers for free through all tax offices across the country. In the event that a taxpayer has forgotten their account’s username and password, they only need to go to their nearest taxation office for assistance,” he explained.

To limit exposure during the pandemic, the ETA made tax returns submissions possible online instead of in person as of 22 March 2020.

Payment methods are available through online electronic payment portals using all kinds of smart cards, including Meza, Master Card, and Visa.

Egypt is aiming to increase its tax revenues in the current FY2021/22 — which ends in June — by 18.3 percent by collecting EGP 297.1 billion in income tax revenues from non-sovereign bodies, excluding the CBE, the Suez Canal, and taxes on T-bills and T-bonds' proceeds.

It also includes a targeted EGP 449.6 billion of VAT, a growth of 17.2 percent compared to FY2020/2021.

Moreover, the government is planning to raise property tax revenues by 0.08 percent of the GDP in FY2021/22 to record EGP 5.6 billion.

In terms of the customs tax, the government is planning to increase it by 12.3 percent to reach EGP 42.4 billion in FY2021/22 and to collect EGP 380.6 billion in FY2021/2022 from non-tax resources.

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