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" Tax"

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Al-Ahram Weekly - Egypt
5/21/2023 10:35:00 AM
Experts explain lessons learned from the initiative allowing expats to import tax-free cars

World - International
5/18/2023 6:29:53 PM
Queen Elizabeth II's state funeral and related events following her death last September cost UK taxpayers nearly £162 million ($201 million), the government revealed on Thursday in its first public estimate.

Business - Economy
5/18/2023 3:40:48 PM
Egypt has amended the Value Added Tax (VAT) Law to facilitate procedures for waiving VAT taxes on machines and equipment imported for production, according to a statement by the Ministry of Finance on Thursday.

Business - Economy
5/11/2023 12:01:44 AM
The Egyptian government approved a draft decree during its weekly meeting on Wednesday exempting travellers who bring gold from customs duties and other fees -- except value-added tax (VAT) -- for a period of six months.

Business - Economy
5/10/2023 10:47:10 PM
The Egyptian cabinet approved in its weekly meeting on Wednesday an agreement between Egypt and Qatar that aims to eliminate double taxation on income taxes and prevent tax evasion and avoidance.

Business - Economy
5/8/2023 12:59:27 PM
Egypt’s initiative enabling citizens outside the country to import cars free of customs duties and taxes has brought in $713 million in transfers since its launch in October 2022, or nearly 30 percent of its original target, according to figures released by Minister of Finance Mohamed Maait on Monday.

Business - Economy
4/4/2023 4:57:51 PM
The Egyptian Tax Authority (ETA) has announced plans to open a USD banking account in order to facilitate the collection of taxes from foreign companies in US dollars, ETA Head Mokhtar Tawfik announced on Tuesday.

World - International
3/28/2023 3:30:34 PM
French authorities raided five banks on Tuesday as part of an investigation into suspected cases of massive tax fraud and money laundering, prosecutors said.

World - Africa
3/23/2023 11:22:45 AM
Hempstone Monari's taxi business was just getting going when the wheels fell off his financial future and a Kenyan bank auctioned off his car over the non-payment of a $9,900 loan.

Al-Ahram Weekly - Egypt
3/21/2023 8:38:36 PM
The government has introduced new income-tax exemptions and allowances as part of efforts to mitigate the effects of rising prices, reports Nahla Abul-Ezz

Business - Economy
3/19/2023 7:15:03 PM
Egypt’s President Abdel-Fattah El-Sisi gave his directives to raise annual income tax exemption to EGP 36,000 from EGP 24,000, the Egyptian Presidency announced.

World - International
3/15/2023 6:27:13 PM
Teachers, London Underground train drivers, and civil servants joined striking doctors Wednesday in a mass stoppage as Britain's finance minister unveiled his tax and spending plans.

World - International
3/9/2023 8:37:20 PM
US President Joe Biden's budget blueprint released Thursday proposes cutting deficits by nearly $3 trillion in the next decade along with a minimum tax on the wealthiest, an announcement seen as a build-up to his reelection pitch.

Egypt - Society
3/7/2023 1:30:08 PM
The Egyptian government has no intention of taxing the income or remittances of Egyptians working abroad, Egypt's Minister of Emigration and Expatriate Affairs Soha Gendy said on Tuesday.

Business - Economy
3/5/2023 10:50:05 PM
Egypt’s cabinet Information and Decision Support Center (IDSC) recommends expanding the tax base, diversifying financing instruments, and accelerating efforts of engaging the informal activities in the formal sector as key elements for the Egyptian economy to navigate the current economic challenges.

Egypt - Politics
2/20/2023 7:18:52 PM
Egypt's parliament approved on Monday the extension of the law allowing expats to import tax-free cars for six months. Amendment to the law, drafted by MP Hisham Hilal, originally proposed that Law 161/2022 be extended by two months only – or from two to four months.

Egypt - Politics
2/15/2023 4:04:48 PM
Egyptian House of Representatives' Budget Committee approved on Tuesday a two-month extension to Law 161/2022 allowing Egyptian expats to import tax-free cars after paying their price in foreign currency.

World - International
2/8/2023 6:23:56 PM
Europe's stock markets rose but Wall Street opened lower on Wednesday as investors digested President Joe Biden's calls for tax hikes and the latest interest rate signals from US Federal Reserve chief Jerome Powell.

Business - Markets & Companies
2/7/2023 10:38:55 AM
British energy company BP reported record annual earnings on Tuesday amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia's invasion of Ukraine.

World - International
2/5/2023 2:37:08 PM
Former UK prime minister Liz Truss on Sunday criticised her successor Rishi Sunak "detrimental" tax policies, as the current leader also faced pressure from another predecessor Boris Johnson over his Ukraine strategy.

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