Mohamed Maait, Minister of Finance, ordered on Sunday the formation of the primary built-in tax enchantment committee to settle tax disputes between taxpayers and the Egyptian Tax Authority.
The committee will specialize in disputes associated to the taxes stipulated within the revenue tax legislation, the stamp tax legislation, the monetary assets improvement payment legislation, and the value-added tax legislation.
The committee is worried with appeals referred from the central administrations of the Giant and Medium Taxpayers centres, the Giant Free Professions Taxpayers centres, and the Fourth Cairo Tax Administration. The committee goals to hurry up the settlement of tax disputes, acquire due taxes, facilitate procedures for taxpayers, and stimulate funding in Egypt to attain complete and sustainable improvement objectives.
Maait mentioned in a press release that the formation of this committee is in step with the Unified Tax Procedures Legislation. The brand new legislation achieves an unprecedented legislative shift. Below the legislation, taxpayers can submit their tax returns electronically, aligning with the aims of the nationwide challenge for modernizing and automating the tax administration system. A unified tax registration quantity is assigned to every taxpayer, who’s required to make use of it in all transactions, notifications, data, paperwork, invoices, and another correspondence so as to save effort and time, obtain accuracy, scale back human intervention, and set up the foundations of tax justice.
He defined that the ministry is continuing at an accelerated tempo in creating tax enchantment committees in a method that ensures lowering the interval of consideration of the dispute and attaining tax justice, because the tax enchantment committees succeeded in establishing many authorized rules that contribute to facilitating the settlement of tax disputes, and defending the rights of every celebration in accordance with the legislation with out prejudice to the confidentiality of tax information of taxpayers.
Leave a Reply