02/04/2005
Al-Alam Alyom Newspaper 2005/APRIL /02
The article says the new Tax Law benefits all productive groups across the economy, gives many advantages to industrial and commercial enterprises and increases tax revenue to the treasury, by incorporating informal activities into the mainstream of the formal sector, as the cost of concealing an activity is mush higher than the value of its tax. ( Available in Arabic – German in PDF )
The article says the new Tax Law benefits all productive groups across the economy, gives many advantages to industrial and commercial enterprises and increases tax revenue to the treasury, by incorporating informal activities into the mainstream of the formal sector, as the cost of concealing an activity is mush higher than the value of its tax. The provision abolishing taxes on assets is an unprecedented step in Egypt that was not applied in more developed economies. It will provide an immediate support to the working capital and improve cash liquidity, thus enhancing the investment capacity of the industrial enterprises.