Egyptian Tax Authority| Find out what they are required to file a quarterly declaration

Reda Abdel Qader, head of the Egyptian Tax Authority, stated that business owners who are required to pay taxable revenues on salaries and the like, including companies and projects established under the free zone system, must submit a quarterly return. to the IRS Competent in January, April, July and October every year. On the specially designed form (Salary Form 4), show the number of employees and their data, as well as the total wages and other benefits paid in the previous three months.

Egyptian Tax Authority
Egyptian Tax Authority

The Egyptian Tax Authority demands the timely submission of tax returns

Other monthly obligations, according to Abdel Qader, include submitting a monthly payment form and providing what was deducted from the payroll tax account during the first fifteen days of each month, as well as submitting a “2 salaries” form if the company has workers who are not their original employer, which is subject to tax Fixed 10% of total revenue without deductions.

Taxes warn of penalties in the event of late tax returns

The Egyptian Tax Authority urged taxpayers to submit their tax returns on time to avoid violating the law and incurring financial fines under the Unified Tax Procedures Law promulgated by Law 206 of 2020, which imposes a fine of no less than three thousand pounds and a fine of no less than three thousand pounds. Not to exceed fifty thousand pounds in case of delay in submitting the tax return for a period of 60 days from the date of the end of the legal period.

If you are more than 60 days late in filing your tax return, you will be fined no less than EGP 50,000 and no more than EGP 2 million, which indicates that if you file more than six monthly returns or three annual returns, you will be fined and imprisoned for at least six months and no exceeding three years, or one of these two penalties.

He pointed out that the Egyptian Tax Authority provided all necessary facilities and support to financiers through its various missions geographically located throughout the Arab Republic of Egypt, as well as free awareness seminars held daily on the Internet and a hotline that can be contacted. 16395 for any questions.

Source: مصر فايف by

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