Arab Finance: The Egyptian Tax Authority (ETA) is currently opening an account in the US dollar to facilitate the process of receiving taxes from foreign companies that prepare their budgets in USD, Head of ETA Mokhtar Tawfik announced during a meeting with experts of Egypt Tax Society (ETS).

During the meeting, Tawfik asserted the need for a tax policy document for the upcoming five years to support current and future investments.

Moreover, Tawfiq confirmed that the deadline for all tax payers to register in the e-invoice system is April 30th.

ETA’s head also revealed that a memorandum is being prepared to be presented to Finance Minister Mohamed Maait to issue a ministerial decision regarding setting an indicative price for the currency, taking into account the difference between the announced official price of the dollar and its circulating prices in exchange offices.

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