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Minister of Finance: Issuance of the executive regulations of the Unified Tax Procedures Law


New benefits for financiers and taxpayers.. that define their rights and contribute to facilitating procedures


Allowing the taxpayer to view the tax file and the identity of the judicial police officer .. and attend the field examination


Allowing reconciliation for violations of failure to notify within the legal deadline, failure to register on the electronic blog, or delay in submitting tax returns.


Considering tax notifications via the electronic portal.. and accepting data and information in any language


Maintaining confidentiality of tax and technical data and information related to financiers and taxpayers


Responding electronically to any inquiries of taxpayers related to the provisions of the law or the tax situation


Calculating the return on advance payments under the tax account at the credit and discount rate announced by the Central Bank


Obtaining a prior decision from the tax administration for any transaction that is not specified by law and does not have prior tax rules.


Calculating a return on the tax paid in error at the credit and discount rate plus 2% if the refund request is not answered within 45 days

 

Dr. Mohamed Maait, Minister of Finance, issued the executive regulations of the unified tax procedures law, including new advantages for financiers and taxpayers that define their rights and contribute to facilitating procedures, in a way that achieves an unprecedented legislative shift that raises the Egyptian tax management system to the ranks of developed countries, as it aims to integrate and simplify automating the procedures for associating and collecting income tax, value added tax, state financial resources development fee, stamp tax, and any similar tax; In line with the national project to modernize and automate the tax administration system, which is based on building an integrated digital system, in order to provide services to financiers and taxpayers electronically without the need to go to the missions.

 

The minister explained that this law and its executive regulations contribute to laying the foundations of modern mechanization completely in the unified tax procedures, so that electronic means are approved in tax evidence, communication with financiers and taxpayers, and in established books and records, procedures for tax assessment and collection, and ways to appeal against linking forms. The tax, and the application of the electronic signature system, pointing to the obligation of financiers and those charged with dealing with electronic documents, whether in the form of an electronic invoice, an electronic professional receipt, or an electronic sales receipt for the final consumer, in light of the digitization of all transactions starting from submitting an application for registration to the Tax Authority, electronic tax declaration, records and books and electronic correspondence, up to the electronic collection of tax.

 

A statement by the Ministry of Finance stated that the executive regulations of the unified tax procedures law included more than 5 articles that define the rights of financiers and taxpayers at the Tax Authority, most notably: allowing the taxpayer to view the tax file, the identity of the judicial police officer, attend the field examination, and submit notifications of adding branches, stores or Other activities of any industrial, commercial, professional or other activity that generates taxable revenue, and obtaining a prior decision from the tax administration in the event of any transaction that does not have prior tax rules and was not specified by law, in addition to a request for reconciliation in the appeal against the work of the appeal committees before Setting a hearing for a ruling to end the dispute by reconciliation with the competent tax office, and stating the reasons and justifications for the appeal against the tax assessment form.

 

The statement indicated that the executive regulations of the Unified Tax Procedures Law allow reconciliation in tax violations, such as: failure to notify within the legal time, failure to register on the electronic blog, or delay in submitting tax returns, explaining that the return on payments made under the tax account is calculated at the credit and discount rate. The announced by the Central Bank, and in the event of submitting a request to refund the tax paid by mistake or the credit balance, and not responding to this request within 45 days, a return is calculated on these amounts due to the financiers at the credit and discount rate announced by the Central Bank plus 2%.

 

The statement clarified that the executive regulations of the Unified Tax Procedures Law allow taxpayers and taxpayers to submit tax notifications, such as notification of cessation of activity, change of legal form, or adding a branch or store through the IRS portal, and adopting this procedure as if these notifications were submitted to the competent Tax Office, pointing to The Tax Authority may accept data and information in any language, and request their translation from an accredited body into Arabic.

 

He affirmed the tax authority's commitment to maintaining the confidentiality of tax and technical data and information related to taxpayers or taxpayers, and to respond by any electronic means to any inquiries, whether related to the application of the provisions of the law or the tax situation.

 

The statement added that each financier or taxpayer is assigned a unified tax registration number that includes all types of taxes subject to it, and each of the authority, the financier or taxpayer, and other entities and establishments are obliged to use it in all transactions, and it is proven on all notifications, records, documents, invoices and any other correspondence, in a way that contributes to Simplify procedures and strengthen governance.

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