Ministry of Finance: New Chapter Btw Tax Authority & Business Community

The Ministry of Finance has released an infographic stating that a new chapter will soon begin between the Egyptian Tax Authority and the business community, and this new approach will treat taxpayers as essential partners, aiming to protect their rights, support, and assist them in growing and expanding their investment, production, and development activities, which aligns with the state's commitment to empower the private sector and foster sustainable economic growth. The ministry has highlighted efforts to improve relationships with the tax community by building trust and credibility, and utilizing technological advancements to ensure tax fairness. The ministry has mentioned a comprehensive enhancement that relies on a qualitative leap in the service quality offered to the taxpayer's community, confirming that it will work on maintaining market competitiveness through tax neutrality. Additionally, the ministry reaffirmed that tax revenues will be allocated to essential public services such as health, ed ucation, and social support. Source: State Information Service Egypt