Egyptian Tax Authority’s Tax Facilitation Package: Building Trust and Compliance in Tax System.

• Rashaa Abdel Aal, head of the Egyptian Tax Authority, emphasized the importance of building trust with the business community through tax facilitation initiatives
• The tax facilitation package aims to enhance confidence, stability, and voluntary compliance with the tax system
• Guidance documents will be issued outlining the rights and duties of investors, tax incentives, and related laws
• The VAT refund system will be improved to benefit more taxpayers and reduce processing time
• Taxpayers who miss filing deadlines from 2020 to 2023 will be allowed to submit returns within a specified timeframe without penalties
• Tax declarations will be simplified and unsupported declarations will be temporarily cancelled.

Source: facebook.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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