Cairo –  The Egyptian Ministry of Finance (MoF) is working on upgrading the tax allocation system by streamlining the procedures, the finance minister said.

This move aims at reinforcing the efficiency of tax administration and enhancing the skills of tax officials through the implementation of development programmes, Mohamed Maait added in a statement on Monday.

The tax administration reform requires online mandatory submission of value-added tax (VAT) and income tax by taxpayers as of 1 January, Maait indicated.

The ministry has launched the first phase of the one-stop shop system to end customs clearance procedures, in addition to the opening of a number of logistics centres, including the centre at Cairo International Airport, he said.

He also revealed that other centres will be opened at Port Said Port as part of a plan to spread logistics centres across the Egyptian ports within two years.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.