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“The Law of Medium, Small and Micro Enterprises, Amendments to the Value Added Tax Law and Tax Refund Procedures” in a symposium for the Egyptian Tax Authority in cooperation with the American Chamber of Commerce in Cairo

Reda Abdel Qader, Head of the Egyptian Tax Authority:

) – Owners of medium, small and micro enterprises should quickly register with the Enterprise Development Authority so that they can register for tax and obtain tax benefits.

– Continuing cooperation between the Tax Authority and the Chambers of Commerce in the coming period to explain and clarify any inquiries to the business community in order to achieve the optimal application of the Law for the Development of Medium, Small and Micro Enterprises. Owners of commercial activities and those registered with the authority should be ambassadors in their activities to urge unregistered owners of activities to register with the authority and open tax files. Providing the necessary tax awareness on all topics of interest to taxpayers through coordination with various tax and civil society institutions to organize awareness seminars on tax issues that these institutions wish to provide a full explanation about, noting that within the framework of cooperation with The American Chamber of Commerce in Cairo to hold a series of tax awareness seminars, a seminar was organized on “The Law of Medium, Small and Micro Enterprises and the Amendments to the Value Added Tax Law, calling on owners of medium, small and micro enterprises to speed up the registration in the Enterprise Development Agency so that they can obtain a certificate of dealing and a classification certificate.” For the project, as project owners will not be able to register for tax with the authority and enjoy tax benefits, only after obtaining those certificates from the Authority, in accordance with Article (955 ) of the law 152 for the development of medium, small and micro enterprises He added that as an exception to this condition, agreement has been reached between each of the Medium, Small and Micro Enterprises Agency to submit the tax return for the year 4969 on the electronic system without registering with me. Projects Authority and without obtaining a classification and treatment certificate, provided that these financiers are obligated to register after the end of the tax returns season, and the Tax Authority will also be obligated to notify the Projects Authority of the financier Those who have submitted tax returns, provided that the Agency registers them in accordance with Law No. 152 of the year And the extraction of dealing certificates and classification certificate.

And “Abdul Qader” announced that to facilitate the owners of these projects, coordination was made between the Tax Authority And the Enterprise Development Agency in order to allocate one window in the device with a tax officer and an employee to extract the license and complete the documents so that he can open a tax file and enjoy the advantage of overtaking the tax in accordance with the controls set by the law, calling on all the heads of the divisions in the chambers of commerce, the owners of commercial activities and those registered with the authority to be Ambassadors in their activity to urge unregistered business owners to register with the authority, open tax files, raise awareness for them to include them in the official economy, and take advantage of the tax benefits stipulated in the Law for the Development of Medium, Small and Micro Enterprises.

For his part. Hassan Hegazy, Chairman of the Tax and Customs Committee at the American Chamber of Commerce, extended his sincere thanks and appreciation to Dr. Mohamed Maait, Minister of Finance, as well as to Reda Abdel Qader, Head of the Tax Authority, and praised With the efforts of the Tax Authority in providing tax awareness to traders and holding those seminars to provide adequate answers to their questions, and the tax authority’s tireless pursuit to solve any problems they may face, and expressed its aspiration to hold other seminars in the same context in the next stage to cover all tax issues specifically at this stage that witnesses During which the Egyptian Tax Authority made many tax innovations.

In the same context, “Hossam Nasr, Vice Chairman of the Tax and Customs Committee at the American Chamber of Commerce” praised the role played by the Egyptian Tax Authority in recent times and its clear quest to extend a hand Aid to anyone who wants to communicate with the authority from civil society institutions and accounting sectors, and its keenness to deliver tax information from its sources. The law, the criteria for determining the size of the business of a medium, small or micro enterprise, and the tax incentives provided by the Law for the Development of Medium, Small and Micro Enterprises, adding that the tax is calculated on registered or unregistered microenterprises. T are recorded after the issuance of the law according to the annual volume of business, for a period of five years, if the annual volume of business in pounds is less than 500 A. The tax due is 2020 an annual pound, and if the volume of business is from 2500 One thousand and does not exceed 500 one thousand annually The tax due is 2021 pounds annually, and if the volume of business is from 2020 one thousand and does not exceed one million The tax due is 5000 pounds annually, and this tax due is attributed in two cases, namely, the case of death and the event of the final cessation of activity.

“Rajab Mahrous” explained The law on the development of medium, small and micro enterprises has indicated that the determination of the size of the business is carried out according to one of the following criteria: Data of the last final tax assessment for the taxpayer registered with the authority on the date the law came into force 71 for the year 2020, the data of the last tax return submitted by the taxpayer who is registered with the authority and has not been taxed until the date of enforcement of the law referred to, the statements of the declaration that Submitted by the financier who is registered for tax after the date of enforcement of the aforementioned law.

And “Mahros” added that the origin for owners of medium, small and micro enterprises is to submit to the simplified tax treatment system stipulated in the law for a year 2020, but the financier is entitled to To submit an application to be subject to the tax treatment prescribed by the Income Tax Law, in the event that the taxpayer estimates that he has made losses for the tax period subject to account, and if the taxpayer estimates that the tax due according to the simplified treatment system exceeds the tax due on him in accordance with the Income Tax Law, pointing out that the taxpayer must In these cases, the taxpayer must submit an application to the competent Tax Office on the form prepared for this purpose before 30 days before the end of the tax period to which the provisions of the Income Tax Law are to be applied, and the taxpayer may not return to the simplified transaction system in accordance with the law 81 for a year 2020 except after five years have passed from the date of applying the Income Tax Law to it.

And fromFor his part, Dr. Mahmoud Saqr, Head of the Regions, Ports and Centers Affairs Sector, said that the Egyptian Tax Authority is constantly and permanently changing for the better, and that the tax system is witnessing development and mechanization, and tax services are now provided electronically, starting with registration and submission of the declaration, as well as payment and submission of grievances, pointing to the The centers for senior and middle-income taxpayers, the Senior Liberal Professions Center and the Cairo region are fourth, and the ten missions affiliated to it are integrated centers and missions. for a year 2020 whether income or added value has been automated and completed Automation of tax services on all missions A process will be automated 30 interspersed with 74 A procedure, assuring that with the application of mechanization, the financier became standing at a sufficient distance from contact with the employee inside The Authority, because the interaction between the Authority and the financier has become electronic.

He said, “Head of Sector Regions, Ports and Centers Affairs “The criterion between the Tax Authority and the financier is information and transparent dealing, and that the financier must be trustworthy and acknowledge his dealings, pointing out that the Tax Authority has several sources to verify the validity of the information provided by the financier, including verifying the information through networking. Between the Authority and 74 a government agency such as customs, social insurance, civil registry, real estate registration, and courts Electricity, water… and others, Also, the application of the electronic invoice system, which relates to the transactions of the establishments to each other, which was applied to the financiers of each of the centers of senior and middle financiers and the Senior Liberal Professions Center, and the application of the sixth phase of it began in 15 Last February, the financiers of joint-stock and investment companies in Cairo, which contribute to verifying the information.

Dr. “Al-Sayed Saqr” added that one of the sources of interest in verifying the correctness of the information provided by the financier is the electronic receipt system, which will be applied experimentally on the first of next April, and it is related to the transactions of establishments and retailers with the final consumer, explaining that the electronic receipt machine At the retailer, it will be linked to the system within the department, which means that any transactions from one facility to another or any transactions from one facility to an end consumer will be clear to the tax authority, noting in a talk about the citizens’ stimulus project, which will be revealed by the authority in the near future. Urgent, stressing that this event is a reflection of the development of tax thought, and also a step on the path of improvement The mental image of collecting dealers with the Egyptian Tax Authority.

It is worth mentioning that this symposium came as a continuation of the series of awareness seminars offered by the Egyptian Tax Authority, and the symposium dealt with all tax aspects related to the Law for the year 2020 and the amendments to the law Value-added tax and stamp tax and respond to inquiries from members of the American Chamber of Commerce. )