Egypt Expands Electronic Tax Payment Requirements
By Lorys Charalambous, Tax-News.com, Cyprus
26 December 2014
Under Law No. 201 of 2014, Egypt is to require financial services companies and public sector companies to pay corporation tax electronically.
The move was announced by the Minister of Finance, Hany Kadry Dimian. He said that electronic payments would speed processing times, be safer than cash payments, and address the problem of checks that fail to clear.
Dimian added that the system would be implemented over a transitional period, and it will be expanded later to cover sales tax.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Five Reasons Why You Should Open a Business in Malta »
- Eight Key Benefits of Opening a Company in Hong Kong »
- where to start? »
- How to Form an LLC in New York »
- the usual suspects »
- British Virgin Islands Company Formation »
- RAK International Corporate Centre Business Companies »
- Types of Companies in Hong Kong - All You Need to Know »
- Cyprus at a glance »
- hasty decisions are probably not the best policy »