The Finance Ministry lifted administrative seizure orders from more than 3k companies between April 2020 and July 2021 to get over coronavirus reprcaussions
Related Posts
The decision came under an initiative that allows relief when companies that have fallen behind on taxes to cough up 1-10% of what they owe in overdue income and value-added taxes, according to a statement by Finance Minister Mohamed Maait.
Maait has offered a series of concessions that aim to speed up the resolution of tax disputes — and that recognize many businesses are still struggling with the impact of covid-19. The ministry has collected EGP 159.7 mn in overdue tax payments under the initiative since April of last year, according to the statement.
